First Interstate Bank Has $2.88 Million Position in Masco Co. (NYSE:MAS)

First Interstate Bank lowered its holdings in Masco Co. (NYSE:MAS) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,021 shares of the construction company’s stock after selling 1,877 shares during the quarter. First Interstate Bank’s holdings in Masco were worth $2,882,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Masco by 1.2% during the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock worth $1,378,337,000 after acquiring an additional 298,116 shares during the last quarter. Boston Partners raised its position in shares of Masco by 4.2% during the third quarter. Boston Partners now owns 9,021,312 shares of the construction company’s stock worth $481,875,000 after acquiring an additional 359,562 shares during the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Masco by 118,819.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 6,978,187 shares of the construction company’s stock worth $325,672,000 after acquiring an additional 6,972,319 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Masco by 15.4% during the third quarter. Van ECK Associates Corp now owns 5,320,936 shares of the construction company’s stock worth $284,404,000 after acquiring an additional 711,988 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Masco by 3.8% during the third quarter. Northern Trust Corp now owns 3,934,986 shares of the construction company’s stock worth $210,325,000 after acquiring an additional 145,472 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 0.7 %

Shares of MAS stock traded down $0.50 on Tuesday, hitting $72.56. 1,943,995 shares of the stock were exchanged, compared to its average volume of 2,042,910. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05. The firm has a market capitalization of $16.00 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 2.29 and a beta of 1.25. The business has a 50-day moving average of $75.39 and a 200 day moving average of $66.01. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, February 8th. The construction company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.17. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.79 billion. Masco had a return on equity of 3,111.50% and a net margin of 11.40%. Masco’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, February 21st. This is a boost from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 1.60%. Masco’s dividend payout ratio is 28.93%.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of recent research reports. Truist Financial boosted their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup upped their price objective on Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Oppenheimer began coverage on Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Royal Bank of Canada upped their price objective on Masco from $73.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, February 9th. Finally, StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of “Hold” and an average target price of $69.62.

Insider Activity at Masco

In related news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $74.65, for a total transaction of $2,703,076.50. Following the completion of the transaction, the vice president now directly owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jai Shah sold 42,552 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total value of $3,249,270.72. Following the transaction, the insider now directly owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,762 shares of company stock valued at $6,337,597. Insiders own 1.10% of the company’s stock.

Masco 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.