Masco Co. (NYSE:MAS) Shares Purchased by US Bancorp DE

US Bancorp DE raised its stake in shares of Masco Co. (NYSE:MAS) by 0.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 137,756 shares of the construction company’s stock after purchasing an additional 503 shares during the period. US Bancorp DE owned 0.06% of Masco worth $10,866,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Versant Capital Management Inc grew its stake in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the period. Ballentine Partners LLC grew its stake in Masco by 2.5% during the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after buying an additional 137 shares during the period. Venturi Wealth Management LLC grew its stake in Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after buying an additional 178 shares during the period. Wedmont Private Capital grew its stake in Masco by 4.4% during the first quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock worth $326,000 after buying an additional 178 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its stake in Masco by 2.8% during the third quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock worth $354,000 after buying an additional 180 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Loop Capital decreased their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Evercore ISI decreased their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. Barclays decreased their target price on shares of Masco from $87.00 to $79.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Citigroup decreased their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $71.46.

Masco Stock Up 5.3 %

MAS traded up $3.72 during trading on Tuesday, hitting $74.30. The company had a trading volume of 2,593,785 shares, compared to its average volume of 1,937,733. The company has a market cap of $16.36 billion, a PE ratio of 17.99, a P/E/G ratio of 1.86 and a beta of 1.24. The business has a 50-day moving average of $68.36 and a 200-day moving average of $70.84. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. Masco Co. has a 1-year low of $47.66 and a 1-year high of $78.94.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, analysts forecast that Masco Co. will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.56%. Masco’s dividend payout ratio (DPR) is 28.43%.

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.