Impax Asset Management Group plc decreased its holdings in Masco Co. (NYSE:MAS – Free Report) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,294,921 shares of the construction company’s stock after selling 247,340 shares during the period. Impax Asset Management Group plc owned about 1.06% of Masco worth $166,542,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the stock. ORG Wealth Partners LLC purchased a new stake in Masco during the 4th quarter worth about $27,000. Golden State Wealth Management LLC acquired a new position in shares of Masco during the fourth quarter worth about $27,000. Kestra Investment Management LLC acquired a new stake in Masco in the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in Masco in the third quarter valued at approximately $38,000. Finally, Ashton Thomas Securities LLC acquired a new position in Masco during the 3rd quarter worth approximately $43,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.
Masco Trading Down 1.9 %
NYSE MAS opened at $74.82 on Monday. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The firm has a market cap of $15.86 billion, a PE ratio of 19.90, a P/E/G ratio of 1.94 and a beta of 1.25. The firm’s fifty day moving average is $76.13 and its two-hundred day moving average is $78.80. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.
Masco Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, February 21st. This is an increase from Masco’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 1.66%. Masco’s dividend payout ratio (DPR) is currently 30.85%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on MAS. Jefferies Financial Group lowered shares of Masco from a “buy” rating to a “hold” rating and reduced their price objective for the company from $96.00 to $89.00 in a report on Monday, December 16th. The Goldman Sachs Group lifted their price target on Masco from $85.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. upped their price objective on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Zelman & Associates raised Masco to a “strong-buy” rating in a research report on Friday, January 17th. Finally, Barclays upped their price target on Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Masco presently has an average rating of “Moderate Buy” and an average price target of $86.32.
Get Our Latest Stock Report on Masco
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.
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