First Citizens Bank & Trust Co. Sells 7,294 Shares of Masco Co. (NYSE:MAS)

First Citizens Bank & Trust Co. decreased its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,460 shares of the construction company's stock after selling 7,294 shares during the period. First Citizens Bank & Trust Co.'s holdings in Masco were worth $1,006,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Golden State Wealth Management LLC purchased a new stake in Masco in the 4th quarter worth about $27,000. Kestra Investment Management LLC bought a new position in shares of Masco in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in Masco in the fourth quarter valued at approximately $42,000. GeoWealth Management LLC grew its stake in 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 buying an additional 322 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after buying an additional 330 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 0.2%

NYSE:MAS traded down $0.13 on Thursday, hitting $63.73. 460,320 shares of the company's stock were exchanged, compared to its average volume of 1,805,201. The firm has a 50-day moving average price of $62.58 and a 200-day moving average price of $70.92. The company has a market cap of $13.44 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.95%. Masco's payout ratio is 33.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MAS shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Truist Financial cut their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Wells Fargo & Company lifted their price target on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Loop Capital set a $62.00 target price on Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird cut their price objective on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Masco has a consensus rating of "Hold" and an average target price of $73.63.

Masco 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.