Hills Bank & Trust Co Has $1.12 Million Holdings in Masco Co. (NYSE:MAS)

Hills Bank & Trust Co boosted its holdings in shares of Masco Co. (NYSE:MAS) by 4.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,758 shares of the construction company’s stock after acquiring an additional 676 shares during the period. Hills Bank & Trust Co’s holdings in Masco were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new position in Masco in the 4th quarter worth $627,000. Nisa Investment Advisors LLC raised its position in Masco by 35.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after buying an additional 15,591 shares during the last quarter. New York State Teachers Retirement System lifted its stake in Masco by 8.6% in the 4th quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock valued at $15,372,000 after acquiring an additional 18,140 shares in the last quarter. Ritholtz Wealth Management boosted its position in Masco by 264.5% during the 4th quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock worth $1,220,000 after acquiring an additional 13,221 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Masco by 6.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 344,141 shares of the construction company’s stock worth $23,051,000 after acquiring an additional 21,165 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of NYSE:MAS traded up $1.37 on Thursday, hitting $72.04. The company had a trading volume of 1,245,448 shares, compared to its average volume of 2,030,132. The stock has a 50 day moving average price of $74.34 and a 200 day moving average price of $67.99. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The stock has a market cap of $15.87 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 1.83 and a beta of 1.28. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the firm earned $0.87 EPS. The business’s revenue was down 2.7% on a year-over-year basis. Analysts expect that Masco Co. will post 4.11 EPS for the current year.

Insider Activity at Masco

In other news, VP Richard Allan Marshall sold 5,000 shares of Masco stock in a transaction on Friday, March 1st. The stock was sold at an average price of $77.05, for a total transaction of $385,250.00. Following the completion of the sale, the vice president now owns 10,465 shares of the company’s stock, valued at $806,328.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP Richard Allan Marshall sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $77.05, for a total transaction of $385,250.00. Following the transaction, the vice president now directly owns 10,465 shares of the company’s stock, valued at $806,328.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kenneth G. Cole sold 36,210 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $74.65, for a total value of $2,703,076.50. Following the completion of the sale, the vice president now owns 58,885 shares of the company’s stock, valued at $4,395,765.25. The disclosure for this sale can be found here. Insiders sold 83,762 shares of company stock worth $6,337,597 in the last ninety days. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MAS shares. Evercore ISI cut their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Citigroup raised 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. Truist Financial upped their target price on Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Oppenheimer started coverage on Masco in a research note on Friday, January 19th. They issued a “market perform” rating for the company. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Masco currently has an average rating of “Moderate Buy” and a consensus price target of $72.15.

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.