Masco Co. (NYSE:MAS) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its holdings in shares of Masco Co. (NYSE:MAS) by 3.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,858 shares of the construction company’s stock after selling 506 shares during the quarter. First Hawaiian Bank’s holdings in Masco were worth $1,006,000 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. Commonwealth Equity Services LLC raised its stake in shares of Masco by 20.9% in the second quarter. Commonwealth Equity Services LLC now owns 38,501 shares of the construction company’s stock valued at $2,567,000 after acquiring an additional 6,643 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of Masco by 6.9% in the 2nd quarter. Private Advisor Group LLC now owns 10,622 shares of the construction company’s stock valued at $708,000 after buying an additional 688 shares during the period. Choreo LLC acquired a new position in shares of Masco during the second quarter worth about $422,000. Forsta AP Fonden increased its stake in shares of Masco by 36.0% during the second quarter. Forsta AP Fonden now owns 77,500 shares of the construction company’s stock worth $5,167,000 after buying an additional 20,500 shares during the period. Finally, Achmea Investment Management B.V. raised its holdings in Masco by 57.0% in the second quarter. Achmea Investment Management B.V. now owns 250,909 shares of the construction company’s stock valued at $16,728,000 after acquiring an additional 91,125 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Truist Financial boosted their price target on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Robert W. Baird lowered their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets raised their price target on Masco from $78.00 to $85.00 and gave the company a “market perform” rating in a research note on Tuesday, October 22nd. Evercore ISI upped their price objective on Masco from $78.00 to $82.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their target price on Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a research report on Tuesday, November 5th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $86.79.

Masco Stock Performance

Shares of MAS opened at $72.42 on Friday. The company’s 50 day simple moving average is $77.39 and its 200-day simple moving average is $77.15. The firm has a market cap of $15.62 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. Masco Co. has a 12-month low of $63.81 and a 12-month high of $86.70. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS) last issued its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the firm posted $1.00 EPS. Masco’s revenue for the quarter was up .2% on a year-over-year basis. As a group, equities analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.60%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

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.