SVB Wealth LLC Takes $9.19 Million Position in Masco Co. (NYSE:MAS)

SVB Wealth LLC bought a new stake in shares of Masco Co. (NYSE:MAS - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 126,678 shares of the construction company's stock, valued at approximately $9,193,000. SVB Wealth LLC owned 0.06% of Masco as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of Masco by 13,069.3% during the third quarter. International Assets Investment Management LLC now owns 29,631 shares of the construction company's stock worth $2,487,000 after purchasing an additional 29,406 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Masco by 40.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,860 shares of the construction company's stock worth $1,242,000 after buying an additional 4,249 shares during the period. Fidelis Capital Partners LLC acquired a new position in Masco in the 3rd quarter worth $218,000. First Trust Direct Indexing L.P. boosted its position in Masco by 8.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,884 shares of the construction company's stock valued at $326,000 after buying an additional 316 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Masco by 1.0% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 410,225 shares of the construction company's stock valued at $34,434,000 after acquiring an additional 3,983 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction that occurred 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 sale, the chief executive officer now owns 60,267 shares of the company's stock, valued at approximately $4,601,988.12. The trade was a 26.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Masco Stock Performance

Shares of MAS stock opened at $75.10 on Friday. The company has a market cap of $15.92 billion, a P/E ratio of 19.97, a PEG ratio of 1.94 and a beta of 1.25. The business has a 50 day moving average of $76.15 and a two-hundred day moving average of $78.81. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company posted $0.83 earnings per share. As a group, analysts anticipate that Masco Co. will post 4.34 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date is Friday, February 21st. This is a boost from Masco's previous quarterly dividend of $0.29. Masco's dividend payout ratio (DPR) is 32.98%.

Wall Street Analyst Weigh In

Several research analysts recently commented on MAS shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $74.00 price target on shares of Masco in a research note on Wednesday, February 12th. Jefferies Financial Group cut Masco from a "buy" rating to a "hold" rating and reduced their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. StockNews.com lowered shares of Masco from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. UBS Group reduced their price objective on shares of Masco from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. Finally, Oppenheimer raised 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. Nine research 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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