Czech National Bank Invests $1.22 Million in Masco Co. (NYSE:MAS)

Czech National Bank acquired a new position in Masco Co. (NYSE:MAS – Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 26,209 shares of the construction company’s stock, valued at approximately $1,224,000.

Several other hedge funds also recently made changes to their positions in the business. Prudential PLC grew its stake in shares of Masco by 4.4% in the 2nd quarter. Prudential PLC now owns 4,988 shares of the construction company’s stock worth $252,000 after purchasing an additional 209 shares during the last quarter. Riverview Trust Co increased its position in shares of Masco by 23.0% in the third quarter. Riverview Trust Co now owns 1,197 shares of the construction company’s stock worth $56,000 after acquiring an additional 224 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Masco by 5.2% in the second quarter. Kestra Private Wealth Services LLC now owns 4,761 shares of the construction company’s stock worth $241,000 after acquiring an additional 235 shares in the last quarter. Mastrapasqua Asset Management Inc. increased its position in shares of Masco by 0.5% in the third quarter. Mastrapasqua Asset Management Inc. now owns 49,812 shares of the construction company’s stock worth $2,326,000 after acquiring an additional 242 shares in the last quarter. Finally, Acropolis Investment Management LLC increased its position in shares of Masco by 1.1% in the third quarter. Acropolis Investment Management LLC now owns 23,564 shares of the construction company’s stock worth $1,100,000 after acquiring an additional 251 shares in the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

Insider Transactions at Masco

In other news, Director Reginald M. Turner, Jr. sold 1,100 shares of the business’s stock in a transaction on Friday, October 28th. The shares were sold at an average price of $46.81, for a total value of $51,491.00. Following the completion of the sale, the director now directly owns 28,766 shares in the company, valued at $1,346,536.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Reginald M. Turner, Jr. sold 9,900 shares of the business’s stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $49.54, for a total transaction of $490,446.00. Following the transaction, the director now owns 18,866 shares of the company’s stock, valued at $934,621.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Reginald M. Turner, Jr. sold 1,100 shares of the business’s stock in a transaction on Friday, October 28th. The stock was sold at an average price of $46.81, for a total transaction of $51,491.00. Following the transaction, the director now directly owns 28,766 shares in the company, valued at approximately $1,346,536.46. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on MAS. Truist Financial dropped their target price on shares of Masco from $70.00 to $60.00 in a research report on Thursday, October 27th. The Goldman Sachs Group decreased their price target on shares of Masco to $57.00 in a report on Monday, November 21st. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Wednesday. Credit Suisse Group decreased their price target on shares of Masco to $40.00 in a report on Thursday, October 20th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Masco from a “hold” rating to a “sell” rating and set a $43.00 price target for the company. in a report on Tuesday, January 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $57.21.

Masco Stock Up 0.3 %

NYSE MAS opened at $52.00 on Friday. The stock has a market capitalization of $11.73 billion, a PE ratio of 14.13, a price-to-earnings-growth ratio of 2.17 and a beta of 1.17. The company has a 50 day moving average price of $49.02 and a two-hundred day moving average price of $50.10. Masco Co. has a 12-month low of $42.33 and a 12-month high of $67.96.

Masco (NYSE:MAS – Get Rating) last posted its earnings results on Wednesday, October 26th. The construction company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.26 billion. Masco had a net margin of 9.81% and a negative return on equity of 331.58%. As a group, equities analysts anticipate that Masco Co. will post 3.74 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Thursday, November 10th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date was Wednesday, November 9th. Masco’s payout ratio is 30.43%.

Masco Company Profile

(Get Rating)

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.