Benjamin Edwards Inc. Sells 7,795 Shares of Masco Corporation (NYSE:MAS)

Key Points

• Benjamin Edwards Inc. has reduced its holdings in Masco Corporation by 6.6%, now owning approximately 109,962 shares worth around $7.65 million.
• Masco's recent earnings report showed earnings per share of $1.30, exceeding analysts' expectations of $1.08, although quarterly revenue decreased 1.9% compared to the previous year.
• Currently, Masco’s stock carries an average rating of "Hold" among analysts, with price targets ranging from $62.00 to $80.00.

Benjamin Edwards Inc. trimmed its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 6.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 109,962 shares of the construction company's stock after selling 7,795 shares during the quarter. Benjamin Edwards Inc. owned approximately 0.05% of Masco worth $7,647,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Global X Japan Co. Ltd. boosted its position in Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco in the 1st quarter worth approximately $29,000. Costello Asset Management INC bought a new stake in shares of Masco in the 1st quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco in the 1st quarter worth approximately $33,000. Finally, GeoWealth Management LLC boosted its position in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

Shares of NYSE:MAS traded up $2.34 during midday trading on Tuesday, hitting $71.24. The company had a trading volume of 3,031,427 shares, compared to its average volume of 2,571,351. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 2.51 and a beta of 1.16. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a fifty day moving average of $65.65 and a two-hundred day moving average of $67.60.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $1.20 EPS. Masco's revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 8th. Masco's dividend payout ratio is presently 32.89%.

Analyst Ratings Changes

MAS has been the topic of a number of analyst reports. Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Evercore ISI lowered their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Barclays upped their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. The Goldman Sachs Group lowered their price objective on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital reiterated a "hold" rating and set a $73.00 target price (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Twelve equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target of $74.13.

Masco Company 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.