Snowden Capital Advisors LLC Sells 236 Shares of Masco Co. (NYSE:MAS)

Snowden Capital Advisors LLC reduced its holdings in shares of Masco Co. (NYSE:MAS) by 7.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,827 shares of the construction company’s stock after selling 236 shares during the quarter. Snowden Capital Advisors LLC’s holdings in Masco were worth $205,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MAS. Golden State Wealth Management LLC bought a new position in shares of Masco during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC bought a new position in shares of Masco during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in shares of Masco during the 4th quarter worth approximately $42,000. GeoWealth Management LLC grew its stake in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after acquiring an additional 322 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock worth $51,000 after acquiring an additional 148 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Insider Transactions at Masco

In other news, CEO Keith J. Allman sold 21,723 shares of Masco stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $76.36, for a total transaction of $1,658,768.28. Following the completion of the sale, the chief executive officer now owns 60,267 shares of the company’s stock, valued at approximately $4,601,988.12. This trade represents a 26.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Renee Straber sold 3,139 shares of Masco stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the sale, the vice president now directly owns 33,027 shares of the company’s stock, valued at $2,370,678.06. This represents a 8.68% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Masco Trading Down 1.4%

Shares of Masco stock opened at $61.79 on Friday. The business has a fifty day simple moving average of $64.17 and a two-hundred day simple moving average of $72.34. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a market capitalization of $13.03 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.94 and a beta of 1.23. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The business had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the business earned $0.93 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. Research analysts forecast that Masco Co. will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, May 23rd. Masco’s dividend payout ratio is 33.88%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on MAS shares. Robert W. Baird decreased their price target on shares of Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Evercore ISI decreased their target price on shares of Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial decreased their target price on shares of Masco from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank of Canada decreased their target price on shares of Masco from $74.00 to $62.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $73.63.

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.