Amalgamated Bank Has $4.46 Million Stock Holdings in Masco Co. (NYSE:MAS)

Amalgamated Bank lifted its holdings in shares of Masco Co. (NYSE:MAS) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 66,595 shares of the construction company’s stock after purchasing an additional 4,289 shares during the period. Amalgamated Bank’s holdings in Masco were worth $4,461,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of MAS. Savant Capital LLC increased its position in Masco by 8.8% during the 4th quarter. Savant Capital LLC now owns 6,989 shares of the construction company’s stock valued at $468,000 after purchasing an additional 563 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in Masco during the fourth quarter valued at $627,000. Ledyard National Bank bought a new position in shares of Masco in the 4th quarter worth about $202,000. Van ECK Associates Corp increased its holdings in Masco by 4.8% in the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after purchasing an additional 254,040 shares in the last quarter. Finally, Intrust Bank NA lifted its stake in Masco by 2.7% in the fourth quarter. Intrust Bank NA now owns 9,217 shares of the construction company’s stock valued at $617,000 after buying an additional 243 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.6 %

Shares of MAS opened at $70.68 on Wednesday. The firm has a market cap of $15.57 billion, a P/E ratio of 17.32, a P/E/G 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 1 year low of $47.66 and a 1 year high of $78.94. The stock has a 50 day simple moving average of $74.46 and a two-hundred day simple moving average of $67.98.

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

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were given a $0.29 dividend. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.64%. Masco’s payout ratio is presently 28.43%.

Insider Activity

In other Masco news, insider Jai Shah sold 42,552 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,830 shares in the company, valued at approximately $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction on 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 sale, the vice president now directly 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 SEC, which is available through the SEC website. Also, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction on 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 owns 15,830 shares in the company, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,762 shares of company stock valued at $6,337,597. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MAS. Evercore ISI cut their target price on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Oppenheimer began coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating on the stock. Loop Capital decreased their price objective on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

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.