Central Bank & Trust Co. Sells 337 Shares of Masco Co. (NYSE:MAS)

Central Bank & Trust Co. lessened its holdings in shares of Masco Co. (NYSE:MAS) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,715 shares of the construction company’s stock after selling 337 shares during the quarter. Central Bank & Trust Co.’s holdings in Masco were worth $705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC purchased a new stake in Masco in the fourth quarter valued at approximately $27,000. Capital Performance Advisors LLP bought a new position in shares of Masco in the 3rd quarter worth $38,000. Ashton Thomas Securities LLC purchased a new stake in shares of Masco during the 3rd quarter valued at $43,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 59.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after acquiring an additional 222 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its position in Masco by 26.7% in the fourth 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. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of MAS stock opened at $78.29 on Tuesday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. Masco Co. has a fifty-two week low of $63.81 and a fifty-two week high of $86.70. The firm has a market cap of $16.89 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.17 and a beta of 1.25. The business’s 50 day moving average price is $76.74 and its 200-day moving average price is $77.82.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, meeting 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 analysts’ expectations of $2 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. On average, equities research analysts anticipate that Masco Co. will post 4.09 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a yield of 1.48%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MAS. Truist Financial raised their price target on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Barclays dropped their target price on Masco from $93.00 to $84.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded shares of Masco from a “buy” rating to a “hold” rating and decreased their price target for the stock from $96.00 to $89.00 in a research note on Monday, December 16th. Finally, Evercore ISI upped their price objective on shares of Masco from $78.00 to $82.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $86.27.

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.