Blair William & Co. IL Reduces Stock Holdings in Masco Corporation (NYSE:MAS)

Key Points

• Blair William & Co. IL reduced its stake in Masco Corporation by 34.4%, selling 3,754 shares and ending the quarter with 7,152 shares valued at approximately $497,000.
• Several institutional investors, including Mirae Asset Global Investments Co. Ltd. and Asset Management One Co. Ltd., have increased their holdings in Masco during the same period, indicating ongoing interest in the stock.
• Analysts have varying ratings for Masco's stock, with an average rating of "Hold" and a consensus price target of $74.13, while the company is expected to post 4.34 earnings per share for the current year.

Blair William & Co. IL trimmed its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 34.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,152 shares of the construction company's stock after selling 3,754 shares during the period. Blair William & Co. IL's holdings in Masco were worth $497,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wealthquest Corp purchased a new stake in Masco during the 1st quarter worth approximately $111,722,000. Pacer Advisors Inc. lifted its holdings in shares of Masco by 3,597.0% in the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock worth $66,723,000 after purchasing an additional 933,537 shares during the last quarter. GAMMA Investing LLC increased its position in Masco by 11,690.9% in the first quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock worth $63,397,000 after buying an additional 903,937 shares during the period. Raymond James Financial Inc. bought a new stake in Masco in the 4th quarter valued at about $33,157,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Masco during the fourth quarter worth approximately $30,678,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MAS. Loop Capital reaffirmed a "hold" rating and set a $73.00 target price (up from $62.00) on shares of Masco in a report on Monday, August 4th. Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Oppenheimer set a $79.00 price objective on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Evercore ISI cut their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Twelve analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $74.13.

Masco Trading Down 0.1%

Shares of NYSE MAS traded down $0.07 during midday trading on Friday, hitting $73.50. The company's stock had a trading volume of 1,173,427 shares, compared to its average volume of 2,161,064. The firm has a market cap of $15.39 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 2.72 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 business's 50 day moving average is $66.09 and its two-hundred day moving average is $67.59. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The firm 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. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Masco's dividend payout ratio (DPR) is presently 32.89%.

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.