Masco Co. (NYSE:MAS) Shares Acquired by Amalgamated Bank

Amalgamated Bank increased its position in shares of Masco Co. (NYSE:MAS) by 6.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 66,595 shares of the construction company’s stock after acquiring an additional 4,289 shares during the quarter. Amalgamated Bank’s holdings in Masco were worth $4,461,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fortitude Family Office LLC acquired a new position in Masco in the fourth quarter valued at $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco during the 4th quarter valued at $44,000. VisionPoint Advisory Group LLC increased its stake in 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 acquiring an additional 435 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Masco by 19.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after buying an additional 182 shares during the period. Finally, Desjardins Global Asset Management Inc. raised its stake in shares of Masco by 122.9% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,935 shares of the construction company’s stock valued at $130,000 after acquiring an additional 1,067 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction that occurred on Tuesday, February 27th. The shares were 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 $1,208,778.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, insider Jai Shah sold 42,552 shares of Masco stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the completion of the sale, the insider now owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the transaction, the vice president now directly owns 58,885 shares in the company, valued at $4,395,765.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,762 shares of company stock worth $6,337,597. Company insiders own 1.10% of the company’s stock.

Masco Stock Performance

Shares of NYSE MAS opened at $70.68 on Wednesday. Masco Co. has a 1 year low of $47.66 and a 1 year 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. The stock has a fifty day moving average price of $74.46 and a two-hundred day moving average price of $67.98. The firm has a market cap of $15.57 billion, a P/E ratio of 17.32, a PEG ratio of 1.83 and a beta of 1.28.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.87 EPS. Research analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors 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 1.64%. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Analysts Set New Price Targets

MAS has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Truist Financial upped their price objective on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Citigroup lifted 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. Royal Bank of Canada upped their target price on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Finally, Loop Capital decreased their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.15.

Masco Company 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.