Parallel Advisors LLC Reduces Position in Masco Co. (NYSE:MAS)

Parallel Advisors LLC reduced its position in shares of Masco Co. (NYSE:MASFree Report) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 758 shares of the construction company’s stock after selling 275 shares during the period. Parallel Advisors LLC’s holdings in Masco were worth $51,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAS. Fortitude Family Office LLC acquired a new position in shares of Masco in the 4th quarter valued at $39,000. Union Savings Bank lifted its position in Masco by 91.7% in the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after acquiring an additional 275 shares during the last quarter. Bruce G. Allen Investments LLC acquired a new position in Masco in the fourth quarter valued at $44,000. VisionPoint Advisory Group LLC grew its holdings in shares of Masco by 70.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after purchasing an additional 435 shares during the last quarter. Finally, Northwest Financial Advisors acquired a new stake in shares of Masco during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAS. Loop Capital dropped their price target on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Citigroup lifted their target price on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Evercore ISI decreased their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. Truist Financial lifted their price objective on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada raised 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.15.

Get Our Latest Report on Masco

Masco Trading Down 1.6 %

Shares of MAS stock opened at $66.03 on Friday. The business’s fifty day moving average price is $71.45 and its 200 day moving average price is $70.10. The firm has a market capitalization of $14.54 billion, a PE ratio of 16.18, a P/E/G ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. Masco’s payout ratio is 28.43%.

Masco Company 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.

Read More

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.