Tokio Marine Asset Management Co. Ltd. Buys 272 Shares of Masco Co. (NYSE:MAS)

Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Masco Co. (NYSE:MAS) by 4.7% in the fourth quarter, Holdings Channel reports. The fund owned 6,053 shares of the construction company’s stock after acquiring an additional 272 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Masco were worth $405,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Van ECK Associates Corp raised its holdings in shares of Masco by 15.4% in the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company’s stock valued at $284,404,000 after buying an additional 711,988 shares during the last quarter. Lazard Asset Management LLC raised its holdings in shares of Masco by 1,307.8% in the third quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company’s stock valued at $36,708,000 after buying an additional 638,010 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Masco by 443.5% in the third quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company’s stock valued at $26,829,000 after buying an additional 409,767 shares during the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Masco by 87.3% in the third quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company’s stock valued at $43,609,000 after buying an additional 380,267 shares during the last quarter. Finally, Yacktman Asset Management LP bought a new position in shares of Masco in the third quarter valued at about $19,542,000. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Masco stock opened at $69.85 on Monday. The firm has a market capitalization of $15.38 billion, a P/E ratio of 17.12, a PEG ratio of 1.83 and a beta of 1.25. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94. The business has a 50-day moving average of $75.17 and a 200-day moving average of $67.07. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 EPS. On average, equities analysts anticipate that Masco Co. will post 4.12 EPS for the current year.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Thursday, February 22nd were given a dividend of $0.29 per share. This is a positive change from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, February 21st. Masco’s payout ratio is presently 28.43%.

Insider Transactions at Masco

In related news, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred on 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 directly owns 10,465 shares in the company, valued at approximately $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was 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 in the company, valued at approximately $1,208,778.80. The sale was disclosed in a legal 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 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 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. In the last ninety days, insiders sold 83,762 shares of company stock worth $6,337,597. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MAS shares. Royal Bank of Canada lifted their price target on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday. Loop Capital cut their price target on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a report on Thursday. Truist Financial boosted their price objective on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Evercore ISI dropped their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday. Finally, Citigroup boosted their price objective on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

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.