California Public Employees Retirement System Sells 9,006 Shares of Masco Co. (NYSE:MAS)

California Public Employees Retirement System trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 2.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 419,798 shares of the construction company’s stock after selling 9,006 shares during the quarter. California Public Employees Retirement System’s holdings in Masco were worth $28,118,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Janney Montgomery Scott LLC increased its stake in Masco by 1.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after purchasing an additional 178 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its position in Masco by 2.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $354,000 after acquiring an additional 180 shares during the last quarter. Lindbrook Capital LLC boosted its position in Masco by 19.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock worth $75,000 after acquiring an additional 182 shares during the last quarter. Donald L. Hagan LLC boosted its position in Masco by 0.9% during the 4th quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock worth $1,414,000 after acquiring an additional 186 shares during the last quarter. Finally, First Hawaiian Bank boosted its position in Masco by 1.3% during the 4th quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock worth $1,016,000 after acquiring an additional 195 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 0.0 %

MAS stock opened at $69.85 on Friday. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.08. The stock has a market capitalization of $15.38 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 2.17 and a beta of 1.25. The business’s fifty day moving average price is $75.17 and its two-hundred day moving average price is $66.98. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.87 EPS. On average, equities analysts anticipate that Masco Co. will post 4.12 earnings per share for the current 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 dividend of $0.29 per share. 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 annualized dividend and a yield of 1.66%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Insiders Place Their Bets

In related news, VP Kenneth G. Cole sold 36,210 shares of the firm’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 transaction, the vice president now owns 58,885 shares in the company, valued at $4,395,765.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the firm’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 completion of the transaction, the vice president now owns 58,885 shares in the company, valued at approximately $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 90 days. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAS shares. Royal Bank of Canada upped their price target on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Truist Financial upped their price target on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Evercore ISI cut their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday. Citigroup increased their price objective on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Oppenheimer assumed coverage on Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Masco has an average rating of “Moderate Buy” and a consensus price target of $72.15.

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.