Wrapmanager Inc. Has $290,000 Position in Masco Co. (NYSE:MAS)

Wrapmanager Inc. lessened its stake in Masco Co. (NYSE:MAS) by 3.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,335 shares of the construction company’s stock after selling 144 shares during the quarter. Wrapmanager Inc.’s holdings in Masco were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new stake in shares of Masco in the 4th quarter valued at approximately $39,000. Bruce G. Allen Investments LLC bought a new position in Masco during the fourth quarter valued at approximately $44,000. VisionPoint Advisory Group LLC lifted its stake in Masco by 70.6% in the third quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock valued at $56,000 after acquiring an additional 435 shares during the last quarter. Lindbrook Capital LLC grew its position in Masco by 19.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock worth $75,000 after acquiring an additional 182 shares in the last quarter. Finally, Desjardins Global Asset Management Inc. increased its stake in shares of Masco by 122.9% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,935 shares of the construction company’s stock worth $130,000 after purchasing an additional 1,067 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity

In other Masco news, insider Jai Shah sold 42,552 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares in the company, valued at $1,208,778.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $76.36, for a total value of $3,249,270.72. Following the transaction, the insider now owns 15,830 shares of the company’s stock, valued at $1,208,778.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard Allan Marshall sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $77.05, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 83,762 shares of company stock worth $6,337,597. Company insiders own 1.10% of the company’s stock.

Masco Stock Performance

NYSE MAS traded up $1.37 during midday trading 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 firm has a fifty day simple moving average of $74.24 and a two-hundred day simple moving average of $68.02. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94. The company has a quick ratio of 1.09, a current ratio of 1.74 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 17.66, a P/E/G ratio of 1.83 and a beta of 1.28.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAS. Oppenheimer started coverage on shares of Masco in a report on Friday, January 19th. They issued a “market perform” rating for the company. Citigroup upped their price target on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Truist Financial raised their price objective on Masco from $65.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, February 9th. StockNews.com cut Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their price target on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

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.