Larson Financial Group LLC Has $536,000 Holdings in Masco Corporation (NYSE:MAS)

Larson Financial Group LLC increased its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 196.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,715 shares of the construction company's stock after acquiring an additional 5,114 shares during the period. Larson Financial Group LLC's holdings in Masco were worth $536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Wealthfront Advisers LLC lifted its holdings in shares of Masco by 24.3% in the first quarter. Wealthfront Advisers LLC now owns 84,405 shares of the construction company's stock worth $5,870,000 after buying an additional 16,508 shares in the last quarter. Apollon Wealth Management LLC increased its stake in shares of Masco by 8.4% in the 1st quarter. Apollon Wealth Management LLC now owns 7,900 shares of the construction company's stock worth $549,000 after acquiring an additional 614 shares during the last quarter. Edgestream Partners L.P. boosted its holdings in Masco by 506.4% during the 1st quarter. Edgestream Partners L.P. now owns 90,293 shares of the construction company's stock valued at $6,279,000 after acquiring an additional 75,403 shares during the period. Turtle Creek Wealth Advisors LLC purchased a new stake in Masco during the first quarter worth approximately $919,000. Finally, MQS Management LLC acquired a new position in Masco during the first quarter worth $824,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $65.90 on Friday. The stock has a market capitalization of $13.90 billion, a PE ratio of 18.01, a PEG ratio of 2.47 and a beta of 1.19. The stock's fifty day moving average is $64.31 and its 200-day moving average is $68.52. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results 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). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period in the previous year, the company earned $0.93 EPS. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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 dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.88%. Masco's dividend payout ratio (DPR) is 33.88%.

Analyst Ratings Changes

MAS has been the topic of several recent analyst reports. Truist Financial cut their target price on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI reduced their price target 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. The Goldman Sachs Group lowered 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. Royal Bank Of Canada reduced their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. 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 stock. According to MarketBeat, the company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.