International Assets Investment Management LLC Purchases 14,950 Shares of Masco Co. (NYSE:MAS)

International Assets Investment Management LLC increased its position in Masco Co. (NYSE:MAS) by 12,355.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,071 shares of the construction company’s stock after purchasing an additional 14,950 shares during the period. International Assets Investment Management LLC’s holdings in Masco were worth $1,009,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Fortitude Family Office LLC bought a new position in shares of Masco in the fourth quarter valued at $39,000. Bruce G. Allen Investments LLC acquired a new stake in shares of Masco in the 4th quarter worth about $44,000. Center for Financial Planning Inc. lifted its position in Masco by 270.6% in the 3rd quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock valued at $36,000 after acquiring an additional 487 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in Masco by 70.6% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock valued at $56,000 after purchasing an additional 435 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in Masco during the 3rd quarter worth approximately $66,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling

In other Masco news, 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 owns 58,885 shares in the company, valued at $4,395,765.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Masco news, insider Jai Shah sold 42,552 shares of the firm’s 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 completion of the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,762 shares of company stock valued at $6,337,597. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MAS. Citigroup raised their target price on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Oppenheimer started coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Truist Financial boosted their price target on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research note on Wednesday, March 27th. Finally, Royal Bank of Canada boosted their target price on Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.62.

Masco Stock Performance

NYSE:MAS opened at $71.99 on Tuesday. The company has a market capitalization of $15.88 billion, a P/E ratio of 17.95, a P/E/G ratio of 2.24 and a beta of 1.25. The business has a fifty day simple moving average of $75.37 and a two-hundred day simple moving average of $66.57. The company has a debt-to-equity ratio of 30.05, a current ratio of 1.68 and a quick ratio of 1.08. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94.

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, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. The firm’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. On average, analysts expect 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. Investors of record on Thursday, February 22nd were paid a dividend of $0.29 per share. This is a boost from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date was Wednesday, February 21st. Masco’s dividend 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.