MML Investors Services LLC Has $6.09 Million Stock Position in Masco Co. (NYSE:MAS)

MML Investors Services LLC boosted its stake in shares of Masco Co. (NYSE:MAS - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,978 shares of the construction company's stock after buying an additional 4,181 shares during the period. MML Investors Services LLC's holdings in Masco were worth $6,094,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MAS. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the fourth quarter valued at approximately $27,000. Golden State Wealth Management LLC acquired a new stake in Masco during the 4th quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Masco in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco in the fourth quarter worth $42,000. Finally, GeoWealth Management LLC grew its holdings in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Masco

In related news, VP Renee Straber sold 3,139 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. This represents a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares in the company, valued at $4,601,988.12. This represents a 26.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on MAS shares. UBS Group restated a "buy" rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a research report on Thursday. Royal Bank of Canada decreased their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday. The Goldman Sachs Group dropped their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday. Truist Financial decreased their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Oppenheimer upgraded shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price target on the stock in a report on Friday, January 10th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Masco has an average rating of "Hold" and a consensus price target of $73.10.

Masco Trading Up 1.7 %

Shares of MAS stock opened at $60.32 on Friday. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a market cap of $12.77 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The business's 50 day moving average is $68.53 and its two-hundred day moving average is $75.16.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. Equities analysts predict that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Friday, February 21st were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 32.98%.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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