Quarry LP Grows Stock Holdings in Masco Co. (NYSE:MAS)

Quarry LP grew its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 513.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,932 shares of the construction company's stock after purchasing an additional 8,314 shares during the quarter. Quarry LP's holdings in Masco were worth $721,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MAS. Allworth Financial LP grew its holdings in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock valued at $71,000 after buying an additional 133 shares during the period. Equitable Trust Co. lifted its holdings in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after acquiring an additional 136 shares during the period. Tealwood Asset Management Inc. boosted its position in shares of Masco by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company's stock worth $1,301,000 after acquiring an additional 147 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Masco by 26.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock valued at $51,000 after purchasing an additional 148 shares during the period. Finally, Keybank National Association OH increased its position in Masco by 3.8% during the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Price Performance

MAS opened at $60.41 on Friday. Masco Co. has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.94 and a beta of 1.24. The company has a fifty day simple moving average of $68.19 and a 200 day simple moving average of $74.94.

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

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 21st were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.05%. This is a positive change from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. Masco's dividend payout ratio is presently 32.98%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays set a $71.00 price objective on shares of Masco and gave the company an "overweight" rating in a research note on Thursday. Loop Capital set a $62.00 price target on Masco and gave the company a "hold" rating in a research report on Thursday. Citigroup cut their price objective on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a report on Monday, January 6th. Wells Fargo & Company reduced their price objective on Masco from $82.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Monday, April 14th. Finally, UBS Group reissued a "buy" rating and set a $80.00 target price (down previously from $91.00) on shares of Masco in a research report on Thursday. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $73.10.

Insider Activity

In other news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were 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 approximately $4,601,988.12. This trade represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

About Masco

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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