Masco Corporation (NYSE:MAS) Holdings Raised by Empower Advisory Group LLC

Key Points

• Empower Advisory Group LLC increased its stake in Masco Corporation by 2.3%, owning 1,038,964 shares worth approximately $72.25 million as of the end of the first quarter.
• Masco recently reported $1.30 earnings per share (EPS), exceeding analysts' expectations of $1.08, and posted a revenue of $2.05 billion for the quarter.
• The company announced a quarterly dividend of $0.31 per share, with an ex-dividend date of August 8th, representing an annual yield of 1.8%.

Empower Advisory Group LLC grew its position in Masco Corporation (NYSE:MAS - Free Report) by 2.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,038,964 shares of the construction company's stock after purchasing an additional 22,885 shares during the period. Empower Advisory Group LLC owned approximately 0.49% of Masco worth $72,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Costello Asset Management INC bought a new position in Masco in the 1st quarter worth about $31,000. Liberty Wealth Management LLC bought a new position in shares of Masco in the first quarter valued at approximately $1,027,000. Banco Santander S.A. boosted its holdings in shares of Masco by 16.1% in the first quarter. Banco Santander S.A. now owns 4,550 shares of the construction company's stock valued at $316,000 after acquiring an additional 632 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. boosted its holdings in shares of Masco by 9.3% in the first quarter. Klein Pavlis & Peasley Financial Inc. now owns 45,732 shares of the construction company's stock valued at $3,194,000 after acquiring an additional 3,909 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Masco by 5.4% in the first quarter. PNC Financial Services Group Inc. now owns 88,136 shares of the construction company's stock valued at $6,129,000 after acquiring an additional 4,537 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Trading Down 0.1%

Shares of NYSE:MAS traded down $0.04 during mid-day trading on Friday, hitting $69.31. The stock had a trading volume of 1,435,676 shares, compared to its average volume of 2,568,429. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market cap of $14.51 billion, a PE ratio of 18.38, a P/E/G ratio of 2.53 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's 50 day moving average is $65.33 and its 200-day moving average is $67.80.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be given a $0.31 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco's dividend payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Loop Capital increased their price objective on shares of Masco from $62.00 to $73.00 and gave the company a "hold" rating in a report on Monday, August 4th. Oppenheimer set a $79.00 price objective on shares of Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Evercore ISI cut their target price on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Twelve equities research 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 company. According to data from MarketBeat, Masco presently has an average rating of "Hold" and a consensus price target of $74.13.

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.