DekaBank Deutsche Girozentrale Has $25.36 Million Position in Masco Co. (NYSE:MAS)

DekaBank Deutsche Girozentrale reduced its position in shares of Masco Co. (NYSE:MAS) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 382,668 shares of the construction company’s stock after selling 9,167 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.17% of Masco worth $25,364,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. DecisionPoint Financial LLC acquired a new position in shares of Masco in the second quarter worth $29,000. VisionPoint Advisory Group LLC acquired a new position in shares of Masco in the second quarter worth $35,000. Center for Financial Planning Inc. increased its stake in shares of Masco by 270.6% in the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock worth $36,000 after acquiring an additional 487 shares during the last quarter. Fortitude Family Office LLC bought a new stake in Masco in the fourth quarter worth $39,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Masco in the fourth quarter worth $44,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Masco

In other news, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Richard Allan Marshall sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 83,762 shares of company stock valued at $6,337,597. Corporate insiders own 1.50% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $76.90 on Monday. Masco Co. has a 12-month low of $46.69 and a 12-month high of $78.94. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. The firm has a market capitalization of $16.96 billion, a PE ratio of 19.18, a price-to-earnings-growth ratio of 2.16 and a beta of 1.25. The firm has a 50-day moving average price of $74.56 and a 200 day moving average price of $64.97.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The firm had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the business posted $0.65 earnings per share. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts anticipate that Masco Co. will post 4.12 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.51%. The ex-dividend date was Wednesday, February 21st. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is 28.93%.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Masco from $58.00 to $69.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Royal Bank of Canada upped their price target on shares of Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Citigroup upped their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday. Truist Financial upped their price target on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a report on Friday, February 9th. Finally, Oppenheimer began coverage on shares of Masco in a report on Friday, January 19th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $69.62.

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.