Allspring Global Investments Holdings LLC Increases Holdings in Masco Co. (NYSE:MAS)

Allspring Global Investments Holdings LLC boosted its position in shares of Masco Co. (NYSE:MAS) by 150.5% during the 4th quarter, HoldingsChannel reports. The firm owned 177,727 shares of the construction company’s stock after buying an additional 106,767 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Masco were worth $11,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MAS. United Bank raised its holdings in shares of Masco by 23.7% in the first quarter. United Bank now owns 12,644 shares of the construction company’s stock valued at $645,000 after acquiring an additional 2,425 shares in the last quarter. MetLife Investment Management LLC lifted its position in shares of Masco by 21.0% in the 1st quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock worth $3,328,000 after purchasing an additional 11,337 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Masco by 4.8% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock valued at $1,637,000 after purchasing an additional 1,466 shares in the last quarter. LSV Asset Management purchased a new position in Masco during the first quarter valued at approximately $495,000. Finally, Allianz Asset Management GmbH raised its stake in Masco by 200.0% in the first quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock worth $23,345,000 after buying an additional 305,138 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAS has been the topic of a number of analyst reports. Citigroup lifted their price target on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Truist Financial raised 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. Oppenheimer assumed coverage on shares of Masco in a research note on Friday, January 19th. They set a “market perform” rating for the company. Finally, Royal Bank of Canada raised their target price on shares of Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, February 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $69.62.

Insider Buying and Selling at Masco

In other news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the transaction, the vice president now 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. In other news, VP Kenneth G. Cole sold 36,210 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the sale, the vice president now owns 58,885 shares of the company’s stock, valued at approximately $4,395,765.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.50% of the stock is owned by insiders.

Masco Price Performance

NYSE MAS opened at $73.06 on Tuesday. The stock’s fifty day moving average price is $75.32 and its 200 day moving average price is $65.87. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.68 and a quick ratio of 1.08. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.29 and a beta of 1.25.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts forecast that Masco Co. will post 4.11 earnings per share for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.59%. The ex-dividend date was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is 28.93%.

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.