Belpointe Asset Management LLC Acquires 299 Shares of Masco Co. (NYSE:MAS)

Belpointe Asset Management LLC grew its stake in shares of Masco Co. (NYSE:MAS) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,251 shares of the construction company’s stock after buying an additional 299 shares during the quarter. Belpointe Asset Management LLC’s holdings in Masco were worth $816,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Masco in the 4th quarter valued at about $27,000. Golden State Wealth Management LLC bought a new position in shares of Masco during the fourth quarter valued at about $27,000. Kestra Investment Management LLC purchased a new stake in shares of Masco during the fourth quarter worth about $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco in the fourth quarter worth about $42,000. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after purchasing an additional 148 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS opened at $61.84 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The stock has a market cap of $13.09 billion, a P/E ratio of 16.45, a P/E/G ratio of 1.94 and a beta of 1.24. The business’s 50 day moving average price is $70.92 and its 200-day moving average price is $76.20. Masco Co. has a 52 week low of $57.27 and a 52 week high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 EPS for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same period in the prior year, the business earned $0.83 EPS. Equities research analysts anticipate that Masco Co. will post 4.34 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 10th. Shareholders of record on Friday, February 21st were paid a dividend of $0.31 per share. This is a positive change from Masco’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Friday, February 21st. Masco’s dividend payout ratio (DPR) is currently 32.98%.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. Zelman & Associates upgraded Masco to a “strong-buy” rating in a research report on Friday, January 17th. 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 target on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $74.00 price objective on shares of Masco in a research report on Wednesday, February 12th. 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. Finally, Citigroup reduced their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $83.37.

Insiders Place Their Bets

In related news, VP Renee Straber sold 3,139 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the transaction, the vice president now directly owns 33,027 shares of the company’s stock, valued at approximately $2,370,678.06. This represents a 8.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Keith J. Allman sold 21,723 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $76.36, for a total value of $1,658,768.28. Following the sale, the chief executive officer now owns 60,267 shares in the company, valued at approximately $4,601,988.12. This represents a 26.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

About Masco

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.