Masco Co. (NYSE:MAS) Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN lessened its position in Masco Co. (NYSE:MAS) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,663 shares of the construction company’s stock after selling 208 shares during the period. OLD National Bancorp IN’s holdings in Masco were worth $513,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Masco by 35.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock worth $4,005,000 after acquiring an additional 15,591 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Masco by 8.6% in the 4th quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock worth $15,372,000 after acquiring an additional 18,140 shares during the period. Ritholtz Wealth Management increased its holdings in shares of Masco by 264.5% in the 4th quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock worth $1,220,000 after acquiring an additional 13,221 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Masco by 6.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after acquiring an additional 21,165 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Masco in the 4th quarter worth about $2,606,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Masco in a research report on Friday, January 19th. They issued a “market perform” rating for the company. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Truist Financial increased their target price on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Citigroup increased their target price on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada increased their target price on shares of Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.62.

Masco Stock Performance

Shares of MAS opened at $69.74 on Thursday. Masco Co. has a one year low of $47.66 and a one year high of $78.94. The company has a 50-day moving average of $75.31 and a two-hundred day moving average of $66.74. The stock has a market cap of $15.38 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.27 and a beta of 1.25. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.68 and a quick ratio of 1.08.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The business’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period last year, the company posted $0.87 earnings per share. On average, equities research analysts expect that Masco Co. will post 4.11 earnings per share for the current year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.66%. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. Masco’s dividend payout ratio is 28.93%.

Insider Transactions at Masco

In other news, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock valued at $6,337,597 over the last three months. 1.10% of the stock is owned by corporate insiders.

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.