Todd Asset Management LLC Sells 4,580 Shares of Masco Co. (NYSE:MAS)

Todd Asset Management LLC lowered its position in shares of Masco Co. (NYSE:MAS) by 1.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 475,509 shares of the construction company’s stock after selling 4,580 shares during the period. Todd Asset Management LLC owned about 0.21% of Masco worth $31,850,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MAS. Janney Montgomery Scott LLC raised its stake in shares of Masco by 1.6% during the third quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock valued at $623,000 after acquiring an additional 178 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Masco by 2.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after buying an additional 180 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Masco by 19.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after buying an additional 182 shares during the period. Donald L. Hagan LLC increased its stake in shares of Masco by 0.9% in the fourth quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock valued at $1,414,000 after buying an additional 186 shares during the period. Finally, First Hawaiian Bank raised its position in shares of Masco by 1.3% during the fourth quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock worth $1,016,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer initiated coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Truist Financial upped their target price on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Royal Bank of Canada boosted their price target on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Finally, Loop Capital lowered their price objective on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

Masco Stock Up 0.8 %

Shares of MAS stock traded up $0.58 during trading hours on Friday, reaching $69.56. The company had a trading volume of 1,392,157 shares, compared to its average volume of 2,044,926. The company has a market cap of $15.32 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.83 and a beta of 1.28. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The business has a fifty day simple moving average of $74.68 and a 200-day simple moving average of $67.57.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the firm earned $0.87 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. On average, research analysts expect that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were issued a $0.29 dividend. The ex-dividend date was Wednesday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a dividend yield of 1.67%. Masco’s dividend payout ratio is currently 28.43%.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the transaction, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the sale, the vice president now directly owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 42,552 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is owned by insiders.

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.