Victory Capital Management Inc. Has $40.74 Million Stock Holdings in Masco Co. (NYSE:MAS)

Victory Capital Management Inc. lessened its stake in shares of Masco Co. (NYSE:MAS) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 608,165 shares of the construction company’s stock after selling 172,472 shares during the quarter. Victory Capital Management Inc. owned about 0.27% of Masco worth $40,735,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its position in shares of Masco by 15.4% during the 3rd quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company’s stock valued at $284,404,000 after acquiring an additional 711,988 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Masco by 1,307.8% during the third quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company’s stock worth $36,708,000 after buying an additional 638,010 shares during the period. Acadian Asset Management LLC increased its stake in Masco by 443.5% in the 3rd quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company’s stock valued at $26,829,000 after buying an additional 409,767 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in shares of Masco by 87.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company’s stock worth $43,609,000 after purchasing an additional 380,267 shares in the last quarter. Finally, Yacktman Asset Management LP bought a new position in Masco during the third quarter worth about $19,542,000. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

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

Masco Stock Performance

Shares of MAS opened at $69.56 on Monday. Masco Co. has a 52-week low of $47.66 and a 52-week high of $78.94. The stock’s 50-day simple moving average is $74.68 and its 200 day simple moving average is $67.57. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The stock has a market capitalization 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.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share 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 business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. Masco’s revenue was down 2.7% on a year-over-year basis. Research analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Increases Dividend

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

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.