CreativeOne Wealth LLC Takes $208,000 Position in Masco Co. (NYSE:MAS)

CreativeOne Wealth LLC acquired a new position in Masco Co. (NYSE:MAS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 3,108 shares of the construction company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC purchased a new position in Masco in the 4th quarter worth approximately $627,000. Norges Bank bought a new stake in Masco in the 4th quarter worth $122,144,000. Nisa Investment Advisors LLC increased its position in shares of Masco by 35.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after acquiring an additional 15,591 shares during the period. New York State Teachers Retirement System raised its stake in shares of Masco by 8.6% during the fourth quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock valued at $15,372,000 after acquiring an additional 18,140 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Masco by 6.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after purchasing an additional 21,165 shares during the period. Institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In other Masco news, VP Richard Allan Marshall sold 5,000 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $77.05, for a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related 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 value of $3,249,270.72. Following 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 legal filing with the SEC, which is available through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were 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 approximately $806,328.25. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

Masco Stock Up 0.5 %

Shares of Masco stock opened at $69.10 on Friday. The company has a 50-day simple moving average of $72.98 and a two-hundred day simple moving average of $69.53. The stock has a market capitalization of $15.22 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.81 and a beta of 1.28. Masco Co. has a 52-week low of $47.66 and a 52-week high of $78.94. 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:MAS) last announced its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping 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 company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Loop Capital reduced their price target on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Truist Financial raised their target price on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup boosted their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Finally, Royal Bank of Canada raised their price objective on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.