Caliber Wealth Management LLC KS Buys Shares of 27,172 Masco Corporation (NYSE:MAS)

Key Points

• Caliber Wealth Management LLC KS purchased 27,172 shares of Masco Corporation, valued at approximately $1,890,000, indicating growing institutional interest in the company.
• Masco reported a quarterly earnings per share of $0.87, falling short of analysts' estimates by $0.05, and experienced a 6.5% decline in year-over-year revenue.
• The company announced a quarterly dividend of $0.31 per share, resulting in an annualized dividend of $1.24 and a yield of 1.84%.

Caliber Wealth Management LLC KS acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 27,172 shares of the construction company's stock, valued at approximately $1,890,000.

Other large investors have also bought and sold shares of the company. Exchange Traded Concepts LLC raised its stake in shares of Masco by 8.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after purchasing an additional 204 shares during the period. Wedmont Private Capital grew its holdings in Masco by 4.9% during the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after buying an additional 208 shares in the last quarter. Global X Japan Co. Ltd. grew its holdings 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 buying an additional 208 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock worth $1,726,000 after purchasing an additional 235 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of Masco by 4.6% during the first quarter. Venturi Wealth Management LLC now owns 5,479 shares of the construction company's stock worth $381,000 after purchasing an additional 242 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

Shares of NYSE:MAS traded down $1.22 during midday trading on Tuesday, reaching $66.28. 1,177,253 shares of the company's stock traded hands, compared to its average volume of 2,084,311. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The stock has a 50 day moving average of $64.32 and a 200 day moving average of $68.20. The company has a market cap of $13.98 billion, a price-to-earnings ratio of 18.10, a P/E/G ratio of 2.76 and a beta of 1.19.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio is 33.88%.

Analyst Ratings Changes

MAS has been the subject of a number of recent research reports. Barclays boosted their target price on Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 15th. The Goldman Sachs Group lowered their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Evercore ISI lowered their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Finally, UBS Group reissued a "buy" rating and set a $80.00 target price (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $74.03.

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.