Coyle Financial Counsel LLC Sells 408 Shares of Masco Co. (NYSE:MAS)

Coyle Financial Counsel LLC reduced its holdings in shares of Masco Co. (NYSE:MAS) by 1.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,552 shares of the construction company’s stock after selling 408 shares during the quarter. Masco accounts for 0.6% of Coyle Financial Counsel LLC’s portfolio, making the stock its 29th biggest holding. Coyle Financial Counsel LLC’s holdings in Masco were worth $1,782,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. International Assets Investment Management LLC lifted its holdings in shares of Masco by 13,069.3% during the third quarter. International Assets Investment Management LLC now owns 29,631 shares of the construction company’s stock valued at $2,487,000 after purchasing an additional 29,406 shares in the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Masco in the third quarter valued at about $330,000. Dakota Wealth Management bought a new position in Masco in the third quarter valued at about $206,000. Ballentine Partners LLC lifted its holdings in Masco by 4.3% in the third quarter. Ballentine Partners LLC now owns 5,997 shares of the construction company’s stock valued at $503,000 after acquiring an additional 249 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Masco by 40.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,860 shares of the construction company’s stock valued at $1,242,000 after acquiring an additional 4,249 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

NYSE:MAS opened at $74.03 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 1.15 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The stock has a 50-day moving average price of $76.06 and a 200 day moving average price of $78.81. The stock has a market capitalization of $15.69 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.94 and a beta of 1.25.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.01. Masco had a return on equity of 838.32% and a net margin of 10.50%. During the same quarter in the previous year, the company earned $0.83 earnings per share. Equities research analysts forecast that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Friday, February 21st will be given a dividend of $0.31 per share. The ex-dividend date is Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 1.68%. This is a boost from Masco’s previous quarterly dividend of $0.29. Masco’s dividend payout ratio (DPR) is currently 32.98%.

Analysts Set New Price Targets

A number of research firms have weighed in on MAS. Royal Bank of Canada reissued a “sector perform” rating and issued a $74.00 target price on shares of Masco in a report on Wednesday, February 12th. UBS Group lowered their target price on Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. increased their target price on Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Loop Capital increased their target price on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. Finally, Oppenheimer upgraded Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target for the company in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $86.32.

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.