Calamos Advisors LLC Has $10.77 Million Holdings in Masco Co. (NYSE:MAS)

Calamos Advisors LLC reduced its holdings in Masco Co. (NYSE:MAS) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 160,749 shares of the construction company’s stock after selling 2,100 shares during the quarter. Calamos Advisors LLC’s holdings in Masco were worth $10,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Janney Montgomery Scott LLC boosted its holdings in shares of Masco by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock worth $623,000 after acquiring an additional 178 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Masco by 2.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $354,000 after acquiring an additional 180 shares in the last quarter. Donald L. Hagan LLC boosted its holdings in shares of Masco by 0.9% in the 4th quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock worth $1,414,000 after acquiring an additional 186 shares in the last quarter. First Hawaiian Bank boosted its holdings in shares of Masco by 1.3% in the 4th quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock worth $1,016,000 after acquiring an additional 195 shares in the last quarter. Finally, Johnson Investment Counsel Inc. boosted its holdings in shares of Masco by 2.2% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 9,240 shares of the construction company’s stock worth $494,000 after acquiring an additional 200 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MAS has been the topic of several research reports. Royal Bank of Canada upped their price objective on Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Truist Financial upped their price objective on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Oppenheimer initiated coverage on Masco in a report on Friday, January 19th. They set a “market perform” rating on the stock. Finally, StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $69.62.

Masco Price Performance

MAS opened at $71.91 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.68 and a debt-to-equity ratio of 30.05. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a fifty day simple moving average of $75.39 and a 200 day simple moving average of $66.23. The stock has a market cap of $15.86 billion, a P/E ratio of 17.93, a P/E/G ratio of 2.25 and a beta of 1.25.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.17. Masco had a net margin of 11.40% and a return on equity of 3,111.50%. The business had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts expect that Masco Co. will post 4.11 EPS for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio is currently 28.93%.

Insider Activity at Masco

In related news, insider Jai Shah sold 42,552 shares of the company’s 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 in the company, valued at approximately $1,208,778.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $385,250.00. Following the completion of the transaction, the vice president now owns 10,465 shares in the company, valued at approximately $806,328.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jai Shah sold 42,552 shares of the stock in a transaction dated 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 owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The disclosure for this sale can be found here. Insiders sold a total of 83,762 shares of company stock worth $6,337,597 in the last quarter. Corporate insiders own 1.10% of the company’s stock.

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.