Natixis Has $5.52 Million Stock Holdings in Masco Co. (NYSE:MAS)

Posted by Defense World Staff on Jun 10th, 2023

Natixis grew its holdings in Masco Co. (NYSE:MAS – Get Rating) by 269.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 118,331 shares of the construction company’s stock after buying an additional 86,308 shares during the quarter. Natixis owned approximately 0.05% of Masco worth $5,523,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners increased its position in Masco by 21.6% in the fourth quarter. Boston Partners now owns 10,050,031 shares of the construction company’s stock worth $471,236,000 after purchasing an additional 1,786,398 shares during the period. Geode Capital Management LLC grew its position in shares of Masco by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 5,027,012 shares of the construction company’s stock worth $234,224,000 after buying an additional 68,957 shares during the period. AustralianSuper Pty Ltd grew its position in shares of Masco by 1.4% during the 3rd quarter. AustralianSuper Pty Ltd now owns 4,939,950 shares of the construction company’s stock worth $230,646,000 after buying an additional 69,486 shares during the period. Van ECK Associates Corp grew its position in shares of Masco by 1.9% during the 4th quarter. Van ECK Associates Corp now owns 3,652,241 shares of the construction company’s stock worth $170,451,000 after buying an additional 68,981 shares during the period. Finally, Impax Asset Management Group plc grew its position in shares of Masco by 7.8% during the 4th quarter. Impax Asset Management Group plc now owns 2,578,015 shares of the construction company’s stock worth $120,316,000 after buying an additional 187,421 shares during the period. 91.50% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 1.2 %

NYSE:MAS opened at $53.97 on Friday. The firm has a market capitalization of $12.15 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 3.57 and a beta of 1.19. Masco Co. has a twelve month low of $42.33 and a twelve month high of $57.25. The stock’s 50 day moving average price is $51.16 and its two-hundred day moving average price is $50.87.

Masco (NYSE:MAS – Get Rating) last posted its earnings results on Wednesday, April 26th. The construction company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.22. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.91 billion. Masco had a negative return on equity of 237.83% and a net margin of 9.65%. The firm’s revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.95 EPS. As a group, analysts anticipate that Masco Co. will post 3.35 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 12th. Shareholders of record on Friday, May 26th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Thursday, May 25th. Masco’s dividend payout ratio is 31.93%.

Analyst Upgrades and Downgrades

MAS has been the subject of several analyst reports. Jefferies Financial Group upgraded Masco from a “hold” rating to a “buy” rating and boosted their target price for the stock from $55.00 to $65.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lifted their price objective on Masco from $56.00 to $57.00 in a report on Thursday, April 27th. Barclays lifted their price objective on Masco from $62.00 to $64.00 in a report on Thursday, April 27th. KeyCorp cut their price objective on Masco from $66.00 to $62.00 and set an “overweight” rating on the stock in a report on Friday, February 10th. Finally, StockNews.com cut Masco from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $58.71.

Insider Buying and Selling at Masco

In other Masco news, CFO John G. Sznewajs sold 20,361 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $54.00, for a total value of $1,099,494.00. Following the transaction, the chief financial officer now directly owns 187,784 shares of the company’s stock, valued at approximately $10,140,336. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO John G. Sznewajs sold 20,361 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $54.00, for a total transaction of $1,099,494.00. Following the completion of the sale, the chief financial officer now directly owns 187,784 shares in the company, valued at approximately $10,140,336. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Kenneth G. Cole sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The shares were sold at an average price of $54.95, for a total value of $549,500.00. Following the sale, the vice president now owns 70,198 shares of the company’s stock, valued at $3,857,380.10. The disclosure for this sale can be found here. Insiders have sold a total of 99,111 shares of company stock valued at $5,367,682 in the last ninety days. 1.50% of the stock is currently owned by corporate insiders.

Masco Profile

(Get Rating)

Masco Corp. engages in the business of designing, manufacturing, and distribution of branded home improvement and building products. It operates under the Plumbing Products and Decorative Architectural Products segments. The Plumbing Products segment includes faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, shower drains, steam shower systems, sinks, kitchen accessories, and toilets.