Synovus Financial Corp lifted its stake in shares of Masco Corp (NYSE:MAS) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,679 shares of the construction company’s stock after buying an additional 3,695 shares during the period. Synovus Financial Corp’s holdings in Masco were worth $4,423,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in MAS. First Personal Financial Services purchased a new position in shares of Masco during the fourth quarter valued at approximately $100,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Masco in the fourth quarter worth $114,000. Advisory Services Network LLC boosted its position in Masco by 27.6% in the second quarter. Advisory Services Network LLC now owns 3,532 shares of the construction company’s stock worth $135,000 after purchasing an additional 763 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Masco by 299.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,698 shares of the construction company’s stock worth $162,000 after purchasing an additional 2,772 shares during the last quarter. Finally, Parsons Capital Management Inc. RI purchased a new position in Masco in the fourth quarter worth $204,000. 87.79% of the stock is currently owned by institutional investors.
Masco Corp (NYSE MAS) opened at $43.19 on Tuesday. Masco Corp has a 1 year low of $32.97 and a 1 year high of $46.44. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.49 and a current ratio of 1.97. The company has a market capitalization of $13,541.65, a price-to-earnings ratio of 26.19, a PEG ratio of 1.08 and a beta of 1.49.
The business also recently disclosed a quarterly dividend, which was paid on Monday, February 12th. Investors of record on Friday, January 12th were paid a dividend of $0.105 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 0.97%. Masco’s payout ratio is 25.45%.
In related news, VP Renee Straber sold 2,574 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $42.55, for a total transaction of $109,523.70. Following the sale, the vice president now directly owns 65,423 shares in the company, valued at approximately $2,783,748.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
Several research analysts have weighed in on MAS shares. Zacks Investment Research raised Masco from a “sell” rating to a “buy” rating and set a $49.00 price objective on the stock in a research report on Wednesday, January 3rd. B. Riley reissued a “buy” rating on shares of Masco in a research report on Wednesday, November 1st. Argus boosted their price objective on Masco from $44.00 to $46.00 and gave the stock a “buy” rating in a research report on Thursday, October 26th. Barclays set a $45.00 price objective on Masco and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Finally, FBR & Co reissued a “buy” rating and issued a $46.00 price objective (up previously from $43.00) on shares of Masco in a research report on Wednesday, October 25th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Masco currently has an average rating of “Buy” and a consensus price target of $44.07.
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Masco Company Profile
Masco Corporation designs, manufactures, markets and distributes branded home improvement and building products. The Company operates through four business segments: Plumbing Products, Decorative Architectural Products, Cabinetry Products, and Windows and Other Specialty Products. The Company’s portfolio of brands includes BEHR paint; DELTA and HANSGROHE faucets, bath and shower fixtures; KRAFTMAID and MERILLAT cabinets; MILGARD windows and doors, and HOT SPRING spas.
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