Seizert Capital Partners LLC lessened its holdings in shares of Masco Corp (NYSE:MAS) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,459 shares of the construction company’s stock after selling 1,350 shares during the quarter. Seizert Capital Partners LLC’s holdings in Masco were worth $383,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. River Wealth Advisors LLC raised its stake in Masco by 6.4% during the 4th quarter. River Wealth Advisors LLC now owns 20,309 shares of the construction company’s stock valued at $892,000 after purchasing an additional 1,226 shares during the period. MML Investors Services LLC raised its stake in Masco by 9.1% during the 4th quarter. MML Investors Services LLC now owns 15,101 shares of the construction company’s stock valued at $664,000 after purchasing an additional 1,255 shares during the period. Boys Arnold & Co. Inc. raised its stake in Masco by 7.6% during the 4th quarter. Boys Arnold & Co. Inc. now owns 18,068 shares of the construction company’s stock valued at $794,000 after purchasing an additional 1,275 shares during the period. Norinchukin Bank The raised its stake in Masco by 6.1% during the 4th quarter. Norinchukin Bank The now owns 25,150 shares of the construction company’s stock valued at $1,105,000 after purchasing an additional 1,436 shares during the period. Finally, Dupont Capital Management Corp raised its stake in Masco by 61.3% during the 1st quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock valued at $158,000 after purchasing an additional 1,486 shares during the period. 88.21% of the stock is currently owned by institutional investors.
Several research firms have weighed in on MAS. ValuEngine cut Masco from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America cut Masco from a “buy” rating to a “neutral” rating and cut their price target for the company from $46.45 to $35.79 in a report on Monday, May 14th. Wells Fargo & Co upgraded Masco from a “market perform” rating to an “outperform” rating and set a $45.00 price target for the company in a report on Monday, May 14th. JPMorgan Chase & Co. cut their price target on Masco from $49.00 to $45.00 and set a “neutral” rating for the company in a report on Thursday, April 26th. Finally, Royal Bank of Canada set a $43.00 price target on Masco and gave the company a “buy” rating in a report on Wednesday, April 25th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $44.75.
Shares of Masco stock opened at $37.90 on Friday. The company has a market capitalization of $11.65 billion, a PE ratio of 19.54, a P/E/G ratio of 0.97 and a beta of 1.52. The company has a debt-to-equity ratio of 16.23, a current ratio of 1.69 and a quick ratio of 1.10. Masco Corp has a one year low of $35.79 and a one year high of $46.44.
Masco (NYSE:MAS) last announced its earnings results on Tuesday, April 24th. The construction company reported $0.45 EPS for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.04). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.86 billion. Masco had a return on equity of 512.88% and a net margin of 6.96%. Masco’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 EPS. research analysts forecast that Masco Corp will post 2.52 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, May 14th. Stockholders of record on Friday, April 13th were issued a $0.105 dividend. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Thursday, April 12th. Masco’s dividend payout ratio (DPR) is 21.65%.
In other news, Director Lokeren Mary Ann Van sold 5,654 shares of Masco stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $42.77, for a total value of $241,821.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lisa A. Payne sold 5,577 shares of Masco stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $41.85, for a total value of $233,397.45. Following the completion of the transaction, the director now owns 56,766 shares of the company’s stock, valued at approximately $2,375,657.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 16,823 shares of company stock valued at $710,195. Company insiders own 1.20% of the company’s stock.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.
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