1ST Source Bank Sells 446 Shares of Masco Co. (NYSE:MAS)

1ST Source Bank cut its position in shares of Masco Co. (NYSE:MAS) by 3.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,435 shares of the construction company’s stock after selling 446 shares during the period. 1ST Source Bank’s holdings in Masco were worth $902,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. ORG Wealth Partners LLC acquired a new position in Masco during the 4th quarter worth approximately $27,000. Golden State Wealth Management LLC acquired a new position in Masco during the fourth quarter worth $27,000. Kestra Investment Management LLC bought a new position in Masco in the fourth quarter valued at $30,000. MassMutual Private Wealth & Trust FSB increased its stake in Masco by 26.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company’s stock valued at $51,000 after buying an additional 148 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock worth $56,000 after buying an additional 330 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAS shares. Royal Bank of Canada restated a “sector perform” rating and issued a $74.00 price objective on shares of Masco in a report on Wednesday, February 12th. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target on the stock in a research report on Friday, January 10th. UBS Group dropped their price objective on Masco from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Zelman & Associates raised shares of Masco to a “strong-buy” rating in a research note on Friday, January 17th. Finally, Citigroup dropped their price target on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Nine analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.32.

Masco Stock Performance

Shares of MAS stock opened at $70.35 on Monday. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The company has a market capitalization of $14.91 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.94 and a beta of 1.24. The company has a 50-day simple moving average of $76.04 and a 200 day simple moving average of $78.47. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, February 11th. The construction company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm earned $0.83 earnings per share. On average, sell-side analysts predict that Masco Co. will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Friday, February 21st were given a dividend of $0.31 per share. This is a boost from Masco’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, February 21st. This represents a $1.24 annualized dividend and a yield of 1.76%. Masco’s dividend payout ratio (DPR) is presently 32.98%.

Insider Transactions at Masco

In other Masco news, VP Renee Straber sold 3,139 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now owns 33,027 shares of the company’s stock, valued at $2,370,678.06. The trade was a 8.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Keith J. Allman sold 21,723 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 60,267 shares in the company, valued at $4,601,988.12. This represents a 26.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.