CIBC Asset Management Inc Sells 1,400 Shares of Masco Co. (NYSE:MAS)

CIBC Asset Management Inc lowered its stake in Masco Co. (NYSE:MASFree Report) by 4.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,815 shares of the construction company’s stock after selling 1,400 shares during the quarter. CIBC Asset Management Inc’s holdings in Masco were worth $2,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MAS. Vanguard Group Inc. lifted its holdings in Masco by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock worth $1,378,337,000 after purchasing an additional 298,116 shares in the last quarter. Boston Partners lifted its holdings in Masco by 1.8% in the 4th quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock worth $615,282,000 after purchasing an additional 159,052 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Masco by 4.8% in the 4th quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after purchasing an additional 254,040 shares in the last quarter. Northern Trust Corp lifted its holdings in Masco by 3.8% in the 3rd quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock worth $210,325,000 after purchasing an additional 145,472 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its holdings in Masco by 1.8% in the 4th quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock worth $223,288,000 after purchasing an additional 57,395 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on MAS shares. Citigroup boosted 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. Royal Bank of Canada boosted their price target on Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Evercore ISI lowered their price target on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. Loop Capital decreased their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Finally, Truist Financial upped 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. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

Read Our Latest Research Report on Masco

Masco Stock Performance

NYSE:MAS opened at $66.03 on Friday. The stock’s fifty day moving average is $71.45 and its 200 day moving average is $70.10. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The firm has a market capitalization of $14.54 billion, a PE ratio of 16.18, a PEG ratio of 1.76 and a beta of 1.27. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74.

Masco (NYSE:MASGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the firm posted $0.87 EPS. Masco’s quarterly revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.76%. The ex-dividend date is Thursday, May 23rd. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Masco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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