Confluence Wealth Services Inc. Invests $31,000 in Masco Co. (NYSE:MAS)

Confluence Wealth Services Inc. purchased a new position in shares of Masco Co. (NYSE:MASGet Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 454 shares of the construction company’s stock, valued at approximately $31,000.

Several other large investors also recently bought and sold shares of MAS. Allspring Global Investments Holdings LLC acquired a new position in shares of Masco during the 4th quarter worth $196,210,000. AustralianSuper Pty Ltd grew its stake in Masco by 752.8% in the 3rd quarter. AustralianSuper Pty Ltd now owns 3,078,998 shares of the construction company’s stock valued at $171,038,000 after acquiring an additional 2,717,941 shares during the last quarter. Standard Investments LLC grew its stake in Masco by 67.4% in the 3rd quarter. Standard Investments LLC now owns 1,850,000 shares of the construction company’s stock valued at $102,768,000 after acquiring an additional 745,000 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Masco by 3.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 21,229,307 shares of the construction company’s stock valued at $1,490,722,000 after acquiring an additional 615,687 shares during the last quarter. Finally, Deprince Race & Zollo Inc. acquired a new stake in Masco in the 3rd quarter valued at about $28,696,000. 93.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of MAS stock opened at $54.32 on Thursday. The firm’s 50-day simple moving average is $53.11 and its 200-day simple moving average is $60.32. The firm has a market cap of $12.82 billion, a P/E ratio of 23.93, a PEG ratio of 1.12 and a beta of 1.23. Masco Co. has a 1-year low of $48.78 and a 1-year high of $71.06. The company has a debt-to-equity ratio of 52.66, a current ratio of 1.60 and a quick ratio of 0.98.

Masco (NYSE:MASGet Rating) last posted its earnings results on Wednesday, April 27th. The construction company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.07. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.06 billion. Masco had a net margin of 6.38% and a return on equity of 3,870.83%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Analysts expect that Masco Co. will post 4.26 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 13th. Investors of record on Friday, May 27th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, May 26th. Masco’s dividend payout ratio (DPR) is presently 49.34%.

In related news, CEO Keith J. Allman sold 10,000 shares of the stock in a transaction that occurred on Thursday, April 14th. The shares were sold at an average price of $49.88, for a total transaction of $498,800.00. Following the completion of the sale, the chief executive officer now owns 298,295 shares of the company’s stock, valued at approximately $14,878,954.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.20% of the stock is currently owned by corporate insiders.

A number of brokerages recently commented on MAS. Barclays lowered their price objective on shares of Masco from $75.00 to $68.00 in a research note on Thursday, March 31st. Truist Financial lowered their price objective on shares of Masco from $77.00 to $70.00 in a research note on Thursday, April 28th. Loop Capital lowered their price objective on shares of Masco from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Wednesday, April 6th. The Goldman Sachs Group reduced their target price on shares of Masco from $75.00 to $64.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, TheStreet lowered shares of Masco from a “b-” rating to a “c” rating in a report on Friday, February 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $64.69.

Masco Profile (Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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