Cwm LLC Sells 2,964 Shares of Masco Co. (NYSE:MAS)

Cwm LLC lessened its holdings in shares of Masco Co. (NYSE:MAS) by 4.3% during the 4th quarter, HoldingsChannel reports. The firm owned 65,910 shares of the construction company’s stock after selling 2,964 shares during the period. Cwm LLC’s holdings in Masco were worth $4,415,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its stake in Masco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock valued at $1,378,337,000 after acquiring an additional 298,116 shares in the last quarter. Boston Partners lifted its stake in Masco by 4.2% in the 3rd quarter. Boston Partners now owns 9,021,312 shares of the construction company’s stock valued at $481,875,000 after acquiring an additional 359,562 shares in the last quarter. Van ECK Associates Corp lifted its stake in Masco by 15.4% in 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. Northern Trust Corp lifted its stake in Masco by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock valued at $210,325,000 after acquiring an additional 145,472 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in Masco by 1.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock valued at $223,288,000 after acquiring an additional 57,395 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Oppenheimer assumed coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating on the stock. Citigroup boosted their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Truist Financial boosted 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. Finally, Royal Bank of Canada boosted their price target on Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Masco has an average rating of “Moderate Buy” and a consensus target price of $69.62.

Masco Stock Up 1.4 %

MAS stock opened at $73.01 on Wednesday. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05. The firm has a market capitalization of $16.10 billion, a PE ratio of 18.21, a PEG ratio of 2.24 and a beta of 1.25. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94. The business’s 50 day simple moving average is $75.38 and its 200 day simple moving average is $66.72.

Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.17. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS. As a group, research analysts anticipate that Masco Co. will post 4.11 EPS 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 issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.59%. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 21st. Masco’s dividend payout ratio is currently 28.93%.

Insider Buying and Selling at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the company’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 directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at approximately $806,328.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 42,552 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the sale, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.