State of Alaska Department of Revenue Sells 14,354 Shares of Masco Co. (NYSE:MAS)

State of Alaska Department of Revenue trimmed its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 36.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,597 shares of the construction company's stock after selling 14,354 shares during the period. State of Alaska Department of Revenue's holdings in Masco were worth $1,785,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Masco during the fourth quarter worth $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco during the third quarter worth about $38,000. Ashton Thomas Securities LLC bought a new position in shares of Masco during the third quarter worth about $43,000. Venturi Wealth Management LLC grew its position in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company's stock worth $50,000 after acquiring an additional 222 shares during the last quarter. Finally, Covestor Ltd grew its position in shares of Masco by 86.4% during the third quarter. Covestor Ltd now owns 673 shares of the construction company's stock worth $57,000 after acquiring an additional 312 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Shares of NYSE:MAS traded up $0.80 during trading hours on Friday, hitting $78.42. 1,292,936 shares of the company's stock traded hands, compared to its average volume of 1,376,449. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a market cap of $16.92 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 2.09 and a beta of 1.25. The company's fifty day simple moving average is $76.42 and its two-hundred day simple moving average is $78.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, beating analysts' consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.54% and a return on equity of 615.54%. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, equities analysts anticipate that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, February 21st. This is a positive change from Masco's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 1.58%. Masco's dividend payout ratio is currently 30.85%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays upped their price target on shares of Masco from $84.00 to $87.00 and gave the stock an "overweight" rating in a research report on Wednesday. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Oppenheimer upgraded shares of Masco from a "market perform" rating to an "outperform" rating and set a $89.00 target price for the company in a research report on Friday, January 10th. Robert W. Baird decreased their target price on shares of Masco from $95.00 to $94.00 and set an "outperform" rating for the company in a research report on Wednesday, October 30th. Finally, Truist Financial increased their target price on shares of Masco from $84.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $86.32.

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.