Masco Co. (NYSE:MAS) Stake Cut by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its holdings in Masco Co. (NYSE:MAS) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,148 shares of the construction company’s stock after selling 997 shares during the quarter. Sanctuary Advisors LLC’s holdings in Masco were worth $3,349,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its position in shares of Masco by 257.3% during the 3rd quarter. Blue Trust Inc. now owns 2,637 shares of the construction company’s stock valued at $221,000 after buying an additional 1,899 shares during the last quarter. Eastern Bank acquired a new position in Masco in the third quarter valued at approximately $239,000. Lecap Asset Management Ltd. grew its holdings in shares of Masco by 3.9% during the third quarter. Lecap Asset Management Ltd. now owns 8,171 shares of the construction company’s stock valued at $686,000 after purchasing an additional 309 shares during the last quarter. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Masco during the 3rd quarter worth approximately $326,000. Finally, Greenleaf Trust lifted its holdings in shares of Masco by 6.4% in the 3rd quarter. Greenleaf Trust now owns 13,642 shares of the construction company’s stock worth $1,145,000 after purchasing an additional 815 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on MAS shares. Truist Financial increased their target price on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup dropped their price objective on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a report on Monday, January 6th. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research note on Friday, January 10th. Barclays raised their price target on shares of Masco from $84.00 to $87.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group boosted their price objective on Masco from $85.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Nine equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Masco presently has an average rating of “Moderate Buy” and a consensus target price of $86.32.

Masco Stock Down 1.9 %

MAS opened at $74.82 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The company has a market capitalization of $15.86 billion, a PE ratio of 19.90, a P/E/G ratio of 1.95 and a beta of 1.25. The stock’s fifty day moving average is $76.13 and its 200-day moving average is $78.72. Masco Co. has a one year low of $63.81 and a one year high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.01. Masco had a net margin of 10.50% and a return on equity of 838.32%. During the same period in the prior year, the business posted $0.83 earnings per share. On average, equities analysts predict that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Friday, February 21st will be given a $0.31 dividend. This is a positive change from Masco’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 1.66%. Masco’s payout ratio is 30.85%.

Masco 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.