Lindbrook Capital LLC Grows Stock Holdings in Masco Co. (NYSE:MAS)

Lindbrook Capital LLC raised its stake in Masco Co. (NYSE:MAS) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,115 shares of the construction company’s stock after buying an additional 182 shares during the period. Lindbrook Capital LLC’s holdings in Masco were worth $75,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC lifted its position in shares of Masco by 35.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock worth $4,005,000 after purchasing an additional 15,591 shares during the period. New York State Teachers Retirement System lifted its position in shares of Masco by 8.6% in the 4th quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock worth $15,372,000 after purchasing an additional 18,140 shares during the period. Ritholtz Wealth Management lifted its position in shares of Masco by 264.5% in the 4th quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock worth $1,220,000 after purchasing an additional 13,221 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Masco by 6.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after purchasing an additional 21,165 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Masco in the 4th quarter worth approximately $2,606,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Masco

In other news, insider Jai Shah sold 42,552 shares of the 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 in the company, valued at $1,208,778.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Jai Shah sold 42,552 shares of the stock in a transaction 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 sale, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now directly owns 58,885 shares in the company, valued at $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 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MAS. Citigroup upped their price target on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Oppenheimer assumed coverage on shares of Masco in a research report on Friday, January 19th. They set a “market perform” rating for the company. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Truist Financial increased their target price on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Finally, Royal Bank of Canada increased their target price on shares of Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and an average target price of $69.62.

Masco Trading Down 4.5 %

Shares of Masco stock opened at $69.74 on Thursday. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 17.39, a PEG ratio of 2.27 and a beta of 1.25. Masco Co. has a 12-month low of $47.66 and a 12-month high of $78.94. The firm’s 50 day simple moving average is $75.31 and its two-hundred day simple moving average is $66.74. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The business’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 earnings per share. Analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were paid a $0.29 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.66%. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is presently 28.93%.

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.