Oliver Lagore Vanvalin Investment Group Has $73,000 Position in Masco Co. (NYSE:MAS)

Oliver Lagore Vanvalin Investment Group lowered its stake in Masco Co. (NYSE:MAS) by 13.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,090 shares of the construction company’s stock after selling 172 shares during the quarter. Oliver Lagore Vanvalin Investment Group’s holdings in Masco were worth $73,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Masco by 35.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 59,792 shares of the construction company’s stock valued at $4,005,000 after purchasing an additional 15,591 shares in the last quarter. New York State Teachers Retirement System increased its holdings in shares of Masco by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock valued at $15,372,000 after purchasing an additional 18,140 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of Masco by 264.5% in the fourth quarter. Ritholtz Wealth Management now owns 18,219 shares of the construction company’s stock valued at $1,220,000 after purchasing an additional 13,221 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in Masco during the 4th quarter worth $2,606,000. Finally, Trexquant Investment LP grew its holdings in Masco by 22.9% during the 3rd quarter. Trexquant Investment LP now owns 141,596 shares of the construction company’s stock worth $7,568,000 after acquiring an additional 26,360 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 42,552 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the sale, the insider now directly owns 15,830 shares of the company’s stock, valued at approximately $1,208,778.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Jai Shah sold 42,552 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $76.36, for a total transaction of $3,249,270.72. Following the completion of the transaction, the insider now directly owns 15,830 shares in the company, valued at approximately $1,208,778.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Kenneth G. Cole sold 36,210 shares of the stock in a transaction dated 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 transaction, 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. In the last ninety days, insiders have sold 83,762 shares of company stock valued at $6,337,597. 1.10% of the stock is owned by corporate insiders.

Masco Trading Down 0.2 %

MAS opened at $72.22 on Friday. The stock has a market capitalization of $15.93 billion, a P/E ratio of 18.01, a P/E/G ratio of 2.25 and a beta of 1.25. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The firm’s fifty day simple moving average is $75.41 and its 200 day simple moving average is $66.09. The company has a current ratio of 1.68, a quick ratio of 1.08 and a debt-to-equity ratio of 30.05.

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

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Investors of record on Thursday, February 22nd were given a $0.29 dividend. This is a boost from Masco’s previous quarterly dividend of $0.29. This represents a $1.16 annualized dividend and a yield of 1.61%. The ex-dividend date was Wednesday, February 21st. Masco’s payout ratio is currently 28.93%.

Analysts Set New Price Targets

A number of research firms have commented on MAS. Truist Financial lifted their target price on shares of Masco from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Oppenheimer began coverage on shares of Masco in a report on Friday, January 19th. They set a “market perform” rating for the company. Citigroup lifted their target price on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Royal Bank of Canada lifted their target price on shares of Masco from $73.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Wednesday, March 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $69.62.

About Masco

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.