Robeco Institutional Asset Management B.V. Acquires 883 Shares of Masco Co. (NYSE:MAS)

Posted by Defense World Staff on Aug 3rd, 2023

Robeco Institutional Asset Management B.V. lifted its holdings in Masco Co. (NYSE:MAS – Free Report) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 153,071 shares of the construction company’s stock after purchasing an additional 883 shares during the period. Robeco Institutional Asset Management B.V. owned 0.07% of Masco worth $7,611,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in MAS. Moneta Group Investment Advisors LLC increased its stake in shares of Masco by 118,819.3% in 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 purchasing an additional 6,972,319 shares during the period. Harris Associates L P increased its stake in shares of Masco by 55.7% in the fourth quarter. Harris Associates L P now owns 8,395,119 shares of the construction company’s stock worth $391,800,000 after purchasing an additional 3,003,848 shares during the period. Boston Partners increased its stake in shares of 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. Manning & Napier Group LLC bought a new position in shares of Masco in the first quarter worth about $74,497,000. Finally, Norges Bank bought a new position in shares of Masco in the fourth quarter worth about $69,716,000. 91.60% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MAS. Barclays boosted their price target on Masco from $66.00 to $74.00 in a research note on Friday, July 28th. StockNews.com upgraded Masco from a “hold” rating to a “buy” rating in a research note on Friday, July 28th. Royal Bank of Canada boosted their price target on Masco from $59.00 to $68.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Jefferies Financial Group boosted their price target on Masco from $65.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Finally, TheStreet raised Masco from a “c+” rating to a “b” rating in a report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $62.58.

Get Our Latest Report on MAS

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $54.95, for a total transaction of $549,500.00. Following the transaction, the vice president now owns 70,198 shares of the company’s stock, valued at approximately $3,857,380.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Masco news, VP Kenneth G. Cole sold 10,000 shares of the company’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $54.95, for a total transaction of $549,500.00. Following the transaction, the vice president now owns 70,198 shares of the company’s stock, valued at approximately $3,857,380.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 in the company, valued at approximately $10,140,336. The disclosure for this sale can be found here. In the last quarter, insiders have sold 259,601 shares of company stock valued at $15,406,701. 1.50% of the stock is currently owned by corporate insiders.

Masco Stock Down 1.5 %

Shares of MAS opened at $60.54 on Thursday. The company has a market capitalization of $13.63 billion, a P/E ratio of 17.10, a PEG ratio of 2.53 and a beta of 1.22. The company has a debt-to-equity ratio of 420.86, a current ratio of 1.72 and a quick ratio of 1.07. Masco Co. has a one year low of $42.33 and a one year high of $63.85. The business’s 50 day simple moving average is $56.41 and its 200-day simple moving average is $53.24.

Masco (NYSE:MAS – Get Free Report) last announced its earnings results on Thursday, July 27th. The construction company reported $1.19 EPS for the quarter, topping the consensus estimate of $0.96 by $0.23. The business had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.08 billion. Masco had a negative return on equity of 403.37% and a net margin of 9.73%. Masco’s revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 EPS. As a group, sell-side analysts predict that Masco Co. will post 3.6 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Friday, August 11th will be issued a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 10th. Masco’s dividend payout ratio is 32.20%.

About Masco

(Free Report)

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.