3,542 Shares in Masco Co. (NYSE:MAS) Bought by Skopos Labs Inc.

Skopos Labs Inc. acquired a new position in shares of Masco Co. (NYSE:MAS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,542 shares of the construction company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Vanguard Group Inc. increased its stake in Masco by 1.2% in the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock valued at $1,378,337,000 after purchasing an additional 298,116 shares during the last quarter. Boston Partners grew its position in Masco by 1.8% during the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock valued at $615,282,000 after acquiring an additional 159,052 shares during the period. Van ECK Associates Corp grew its position in Masco by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock valued at $373,411,000 after acquiring an additional 254,040 shares during the period. Northern Trust Corp grew its position in Masco by 3.8% during the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock valued at $210,325,000 after acquiring an additional 145,472 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in Masco by 1.8% during the fourth quarter. AustralianSuper Pty Ltd now owns 3,333,651 shares of the construction company’s stock valued at $223,288,000 after acquiring an additional 57,395 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Truist Financial boosted their price target on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Evercore ISI lowered their price target on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Loop Capital decreased their target price on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Citigroup upped their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

Masco Stock Performance

MAS stock traded up $0.36 on Friday, reaching $69.10. The company’s stock had a trading volume of 1,034,681 shares, compared to its average volume of 1,474,086. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The company has a market capitalization of $15.22 billion, a P/E ratio of 16.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. The firm has a fifty day moving average of $72.98 and a two-hundred day moving average of $69.53. 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 (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business 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 business’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 EPS. As a group, analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Thursday, May 23rd. Masco’s payout ratio is currently 28.43%.

Insider Buying and Selling at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction 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 filing with the SEC, which is accessible through the SEC website. In other news, insider Jai Shah sold 42,552 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Richard Allan Marshall sold 5,000 shares of the firm’s stock in a transaction 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 sale, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

About Masco

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.