Brown Advisory Inc. Sells 551,143 Shares of Masco Corporation (NYSE:MAS)

Brown Advisory Inc. reduced its holdings in Masco Corporation (NYSE:MAS - Free Report) by 83.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 111,407 shares of the construction company's stock after selling 551,143 shares during the period. Brown Advisory Inc. owned approximately 0.05% of Masco worth $7,747,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MAS. Global X Japan Co. Ltd. increased its position in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Masco during the first quarter valued at approximately $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco during the fourth quarter valued at approximately $42,000. GeoWealth Management LLC increased its position in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the period. Finally, Wayfinding Financial LLC bought a new stake in shares of Masco during the first quarter valued at approximately $56,000. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Truist Financial decreased their price target on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Jefferies Financial Group decreased their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. The Goldman Sachs Group decreased their price target on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price target on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.63.

Masco Price Performance

Masco stock opened at $65.84 on Friday. The company's 50 day simple moving average is $63.97 and its 200 day simple moving average is $68.74. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.57 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.88%. Masco's dividend payout ratio is currently 33.88%.

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.

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