Central Bank & Trust Co. Sells 337 Shares of Masco Co. (NYSE:MAS)

Central Bank & Trust Co. cut its stake in shares of Masco Co. (NYSE:MAS) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,715 shares of the construction company’s stock after selling 337 shares during the period. Central Bank & Trust Co.’s holdings in Masco were worth $705,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Masco by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock valued at $75,834,000 after purchasing an additional 122,705 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in Masco by 14.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,162 shares of the construction company’s stock valued at $1,411,000 after buying an additional 2,621 shares during the last quarter. Blair William & Co. IL lifted its position in shares of Masco by 3.3% during the 2nd quarter. Blair William & Co. IL now owns 9,830 shares of the construction company’s stock worth $655,000 after buying an additional 314 shares in the last quarter. AE Wealth Management LLC boosted its stake in shares of Masco by 32.2% in the 2nd quarter. AE Wealth Management LLC now owns 54,490 shares of the construction company’s stock worth $3,633,000 after buying an additional 13,269 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Masco by 5.4% in the second quarter. Sei Investments Co. now owns 224,858 shares of the construction company’s stock valued at $14,991,000 after acquiring an additional 11,446 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

Masco stock opened at $78.29 on Tuesday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The firm has a market capitalization of $16.89 billion, a P/E ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25. The business has a fifty day moving average price of $76.74 and a 200-day moving average price of $77.82.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.08. Masco had a return on equity of 615.54% and a net margin of 10.54%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.00 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities research analysts forecast that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Analyst Upgrades and Downgrades

MAS has been the topic of a number of recent analyst reports. Loop Capital lifted their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Truist Financial increased their price target on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $96.00 to $89.00 in a research report on Monday, December 16th. Finally, Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $86.27.

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.