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

Goodman Advisory Group LLC purchased a new position in Masco Co. (NYSE:MAS) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 21,412 shares of the construction company’s stock, valued at approximately $1,434,000.

Other large investors have also recently made changes to their positions in the company. Center for Financial Planning Inc. raised its position in shares of Masco by 270.6% in the third quarter. Center for Financial Planning Inc. now owns 667 shares of the construction company’s stock worth $36,000 after buying an additional 487 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of Masco in the fourth quarter worth $39,000. Bruce G. Allen Investments LLC purchased a new stake in shares of Masco in the fourth quarter worth $44,000. VisionPoint Advisory Group LLC raised its position in shares of Masco by 70.6% in the third quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after buying an additional 435 shares in the last quarter. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Masco in the third quarter worth $66,000. 93.91% of the stock is owned by institutional investors.

Insider Transactions at Masco

In other news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction that occurred 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 sale, 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 accessible through the SEC website. In other news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction that occurred 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 sale, 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 accessible through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The disclosure for this sale can be found here. Insiders have sold a total of 83,762 shares of company stock valued at $6,337,597 in the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Oppenheimer assumed coverage on Masco in a research report on Friday, January 19th. They issued a “market perform” rating on the stock. Truist Financial raised 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. Royal Bank of Canada raised their price target on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, February 9th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. Finally, Citigroup raised their price target on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $69.62.

Masco Trading Down 0.7 %

Shares of NYSE MAS traded down $0.50 during trading hours on Wednesday, hitting $72.56. The company’s stock had a trading volume of 1,943,995 shares, compared to its average volume of 1,758,773. The company has a debt-to-equity ratio of 30.05, a quick ratio of 1.08 and a current ratio of 1.68. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.27 and a beta of 1.25. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The business has a 50-day simple moving average of $75.39 and a 200-day simple moving average of $66.01.

Masco (NYSE:MAS) last posted its earnings results on Thursday, February 8th. The construction company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations 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 period last year, the firm earned $0.65 earnings per share. On average, analysts anticipate that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Increases Dividend

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

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.