Valeo Financial Advisors LLC Purchases Shares of 3,069 Masco Co. (NYSE:MAS)

Valeo Financial Advisors LLC purchased a new stake in Masco Co. (NYSE:MAS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,069 shares of the construction company’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Masco by 35.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after acquiring an additional 15,591 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Masco by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock valued at $15,372,000 after acquiring an additional 18,140 shares during the last quarter. Ritholtz Wealth Management increased its position in shares of Masco by 264.5% in the fourth quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock valued at $1,220,000 after acquiring an additional 13,221 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Masco in the fourth quarter valued at about $2,606,000. Finally, Trexquant Investment LP increased its position in shares of Masco by 22.9% in the third quarter. Trexquant Investment LP now owns 141,596 shares of the construction company’s stock valued at $7,568,000 after acquiring an additional 26,360 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Activity

In other news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value of $385,250.00. Following the completion of the sale, the vice president now directly owns 10,465 shares in the company, valued at $806,328.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Richard Allan Marshall sold 5,000 shares of the business’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 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 ninety days, insiders sold 83,762 shares of company stock worth $6,337,597. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their target price on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. Truist Financial lifted their price target on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Oppenheimer started coverage on Masco in a report on Friday, January 19th. They set a “market perform” rating for the company. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Finally, Citigroup lifted their price target on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.62.

Masco Trading Down 0.7 %

Shares of NYSE:MAS opened at $72.56 on Wednesday. Masco Co. has a 12-month low of $47.66 and a 12-month high of $78.94. The stock has a market cap of $16.00 billion, a PE ratio of 18.09, a P/E/G ratio of 2.29 and a beta of 1.25. The business has a 50 day moving average of $75.39 and a 200-day moving average of $66.01. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’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 declared a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.60%. This is an increase from Masco’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, February 21st. Masco’s payout ratio is presently 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.