XTX Topco Ltd Increases Stock Position in Masco Co. (NYSE:MAS)

XTX Topco Ltd boosted its stake in Masco Co. (NYSE:MAS - Free Report) by 191.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,278 shares of the construction company's stock after buying an additional 5,438 shares during the period. XTX Topco Ltd's holdings in Masco were worth $601,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAS. ORG Wealth Partners LLC bought a new position in shares of Masco during the fourth quarter worth approximately $27,000. Golden State Wealth Management LLC bought a new stake in shares of Masco in the fourth quarter valued at about $27,000. Kestra Investment Management LLC bought a new position in Masco during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in Masco in the 4th quarter worth about $42,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in shares of Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after purchasing an additional 148 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Insider Activity at Masco

In related news, VP Renee Straber sold 3,139 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was 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 directly owns 33,027 shares of the company's stock, valued at $2,370,678.06. The trade was a 8.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the firm's stock in a transaction that occurred on 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 directly owns 60,267 shares of the company's stock, valued at $4,601,988.12. This trade represents a 26.49 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Masco Trading Down 3.5 %

MAS traded down $2.13 during trading on Wednesday, reaching $59.30. 4,445,247 shares of the stock traded hands, compared to its average volume of 1,974,674. The stock's 50-day moving average is $69.27 and its 200 day moving average is $75.42. Masco Co. has a 12 month low of $56.55 and a 12 month 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. The stock has a market capitalization of $12.55 billion, a PE ratio of 15.79, a P/E/G ratio of 1.94 and a beta of 1.24.

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 business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. Equities analysts anticipate that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were paid a $0.31 dividend. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 2.09%. This is a positive change from Masco's previous quarterly dividend of $0.29. Masco's payout ratio is currently 32.98%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports 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. UBS Group dropped their price target on Masco from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Barclays dropped their target price on shares of Masco from $87.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group boosted their price objective on shares of Masco from $85.00 to $96.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, Citigroup decreased their price target on Masco from $82.00 to $77.00 and set a "neutral" rating on the stock in a research note on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Masco currently has a consensus rating of "Hold" and an average target price of $83.37.

Masco 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.