Wedge Capital Management L L P NC Has $10.62 Million Position in Masco Co. (NYSE:MAS)

Wedge Capital Management L L P NC trimmed its position in Masco Co. (NYSE:MAS) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,360 shares of the construction company’s stock after selling 9,196 shares during the quarter. Wedge Capital Management L L P NC owned 0.07% of Masco worth $10,621,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in MAS. State Street Corp increased its position in Masco by 1.9% during the third quarter. State Street Corp now owns 10,294,294 shares of the construction company’s stock worth $864,103,000 after acquiring an additional 194,297 shares during the period. Nordea Investment Management AB grew its position in shares of Masco by 21.0% during the 4th quarter. Nordea Investment Management AB now owns 2,997,839 shares of the construction company’s stock worth $218,063,000 after purchasing an additional 520,555 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Masco by 0.9% in the third quarter. Van ECK Associates Corp now owns 2,950,880 shares of the construction company’s stock valued at $241,825,000 after buying an additional 26,259 shares in the last quarter. Ensign Peak Advisors Inc boosted its stake in shares of Masco by 15.7% in the second quarter. Ensign Peak Advisors Inc now owns 1,758,889 shares of the construction company’s stock valued at $117,265,000 after buying an additional 238,512 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Masco by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock worth $75,834,000 after buying an additional 122,705 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on MAS shares. BMO Capital Markets lifted their price objective on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a report on Tuesday, October 22nd. UBS Group upped their price objective on shares of Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Truist Financial raised their target price on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $85.00 price objective (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.27.

Masco Price Performance

Masco stock opened at $78.29 on Friday. The company has a market capitalization of $16.89 billion, a PE ratio of 20.82, a P/E/G ratio of 2.17 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The stock has a 50-day moving average price of $76.79 and a two-hundred day moving average price of $77.63. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company earned $1.00 EPS. The firm’s revenue was up .2% compared to the same quarter last year. Analysts expect that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio is currently 30.85%.

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.