Goodman Advisory Group LLC Makes New $1.43 Million Investment in Masco Co. (NYSE:MAS)

Goodman Advisory Group LLC acquired a new position in shares of Masco Co. (NYSE:MAS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 21,412 shares of the construction company’s stock, valued at approximately $1,434,000.

Other institutional investors have also recently bought and sold shares of the company. United Bank lifted its holdings in shares of Masco by 23.7% during the 1st quarter. United Bank now owns 12,644 shares of the construction company’s stock valued at $645,000 after buying an additional 2,425 shares during the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Masco by 21.0% during the 1st quarter. MetLife Investment Management LLC now owns 65,264 shares of the construction company’s stock valued at $3,328,000 after buying an additional 11,337 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Masco by 4.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 32,103 shares of the construction company’s stock valued at $1,637,000 after buying an additional 1,466 shares during the last quarter. LSV Asset Management acquired a new stake in shares of Masco during the 1st quarter valued at about $495,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Masco by 200.0% during the 1st quarter. Allianz Asset Management GmbH now owns 457,744 shares of the construction company’s stock valued at $23,345,000 after buying an additional 305,138 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

MAS stock traded down $0.50 during trading on Wednesday, hitting $72.56. The company had a trading volume of 1,943,995 shares, compared to its average volume of 1,758,773. The company has a fifty day moving average price of $75.39 and a two-hundred day moving average price of $66.01. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05. The company has a market cap of $16.00 billion, a P/E ratio of 18.09, a P/E/G ratio of 2.27 and a beta of 1.25. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.66 by $0.17. The business had revenue of $1.88 billion for 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%. Masco’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 EPS. Equities research analysts expect that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 22nd were paid a $0.29 dividend. The ex-dividend date was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a yield of 1.60%. This is a positive change from Masco’s previous quarterly dividend of $0.29. Masco’s payout ratio is currently 28.93%.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction on 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Richard Allan Marshall sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Kenneth G. Cole sold 36,210 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the transaction, the vice president now directly owns 58,885 shares in the company, valued at approximately $4,395,765.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. 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 report on Friday, February 9th. Truist Financial boosted their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Oppenheimer initiated coverage on Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Finally, Citigroup boosted their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Masco presently has an average rating of “Hold” and an average price target of $69.62.

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.