Raymond James Financial Inc. acquired a new position in Masco Co. (NYSE:MAS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 456,903 shares of the construction company's stock, valued at approximately $33,157,000. Raymond James Financial Inc. owned approximately 0.21% of Masco as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently bought and sold shares of MAS. Nordea Investment Management AB increased its position in shares of Masco by 21.0% in the fourth quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company's stock valued at $218,063,000 after buying an additional 520,555 shares in the last quarter. KBC Group NV increased its position in Masco by 91.6% during the 4th quarter. KBC Group NV now owns 708,830 shares of the construction company's stock worth $51,440,000 after purchasing an additional 338,925 shares in the last quarter. Van ECK Associates Corp increased its position in Masco by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock worth $235,881,000 after purchasing an additional 299,520 shares in the last quarter. Barclays PLC increased its position in Masco by 49.2% during the 3rd quarter. Barclays PLC now owns 883,859 shares of the construction company's stock worth $74,192,000 after purchasing an additional 291,658 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in Masco by 4,028.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 200,795 shares of the construction company's stock worth $16,855,000 after purchasing an additional 195,931 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.
Insider Buying and Selling
In other Masco news, VP Renee Straber sold 3,139 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the completion of the sale, the vice president now directly owns 33,027 shares in the company, valued at approximately $2,370,678.06. This trade represents a 8.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at approximately $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. 1.10% of the stock is currently owned by company insiders.
Masco Stock Down 2.8 %
NYSE MAS opened at $69.10 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The stock has a fifty day moving average of $76.13 and a 200-day moving average of $78.61. The stock has a market capitalization of $14.65 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 1.94 and a beta of 1.24.
Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter last year, the firm earned $0.83 EPS. On average, equities research analysts forecast that Masco Co. will post 4.34 EPS for the current year.
Masco Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were given a $0.31 dividend. This is an increase from Masco's previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.79%. Masco's dividend payout ratio is presently 32.98%.
Wall Street Analyst Weigh In
MAS has been the topic of several research analyst reports. StockNews.com lowered Masco from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. Zelman & Associates upgraded Masco to a "strong-buy" rating in a report on Friday, January 17th. Oppenheimer upgraded Masco from a "market perform" rating to an "outperform" rating and set a $89.00 price objective on the stock in a report on Friday, January 10th. Royal Bank of Canada restated a "sector perform" rating and set a $74.00 price objective on shares of Masco in a report on Wednesday, February 12th. Finally, UBS Group lowered their price target on Masco from $94.00 to $91.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Nine 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 company. According to data from MarketBeat.com, Masco presently has an average rating of "Moderate Buy" and an average price target of $86.32.
View Our Latest Research Report on MAS
Masco Company Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Co. (NYSE:MAS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Masco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Masco wasn't on the list.
While Masco currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
