Gotham Asset Management LLC Grows Stock Holdings in Masco Co. (NYSE:MAS)

Gotham Asset Management LLC raised its holdings in shares of Masco Co. (NYSE:MAS) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,128 shares of the construction company’s stock after acquiring an additional 12,372 shares during the quarter. Gotham Asset Management LLC owned about 0.14% of Masco worth $21,925,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. Allworth Financial LP raised its holdings in shares of Masco by 17.3% during the fourth quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after acquiring an additional 133 shares in the last quarter. Equitable Trust Co. raised its holdings in Masco by 1.7% in the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company’s stock worth $587,000 after purchasing an additional 136 shares in the last quarter. Tealwood Asset Management Inc. lifted its position in shares of Masco by 0.8% in the 4th quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company’s stock worth $1,301,000 after purchasing an additional 147 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in shares of Masco by 26.7% in 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 during the period. Finally, Keybank National Association OH increased its position in shares of Masco by 3.8% during the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company’s stock valued at $302,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Masco in a report on Tuesday, April 1st. They issued a “hold” rating and a $71.00 price objective for the company. UBS Group restated a “buy” rating and set a $80.00 price target (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Truist Financial decreased their price objective on Masco from $92.00 to $75.00 and set a “buy” rating for the company in a report on Thursday, April 24th. Evercore ISI dropped their target price on shares of Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a report on Thursday, April 24th. Finally, Robert W. Baird decreased their price target on shares of Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Ten 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 MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $73.10.

Masco Stock Up 0.6 %

Masco stock opened at $62.09 on Friday. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a fifty day simple moving average of $65.40 and a two-hundred day simple moving average of $73.39. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.93 EPS. Masco’s revenue was down 6.5% on a year-over-year basis. Equities analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Friday, February 21st were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.00%. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, February 21st. Masco’s dividend payout ratio is presently 33.88%.

Insider Transactions at Masco

In other Masco news, CEO Keith J. Allman sold 21,723 shares of the company’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 transaction 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 approximately $4,601,988.12. This represents a 26.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Renee Straber sold 3,139 shares of Masco stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total transaction of $225,317.42. Following the transaction, the vice president now owns 33,027 shares in the company, valued at $2,370,678.06. This represents a 8.68 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.