Manning & Napier Advisors LLC decreased its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,098,626 shares of the construction company's stock after selling 15,201 shares during the quarter. Manning & Napier Advisors LLC owned 0.52% of Masco worth $76,398,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP lifted its position in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after buying an additional 133 shares during the last quarter. CIBC Asset Management Inc lifted its position in Masco by 3.9% in the 4th quarter. CIBC Asset Management Inc now owns 34,037 shares of the construction company's stock worth $2,470,000 after buying an additional 1,272 shares during the last quarter. Kestra Investment Management LLC bought a new stake in Masco in the 4th quarter worth approximately $30,000. Ieq Capital LLC lifted its position in Masco by 5.7% in the 4th quarter. Ieq Capital LLC now owns 13,122 shares of the construction company's stock worth $952,000 after buying an additional 706 shares during the last quarter. Finally, ING Groep NV lifted its position in Masco by 102.7% in the 4th quarter. ING Groep NV now owns 102,356 shares of the construction company's stock worth $7,428,000 after buying an additional 51,867 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.
Masco Trading Up 3.0%
Shares of MAS traded up $1.83 during mid-day trading on Monday, hitting $63.02. 3,147,021 shares of the company's stock traded hands, compared to its average volume of 1,836,999. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The firm has a market capitalization of $13.29 billion, a P/E ratio of 17.22, a PEG ratio of 2.33 and a beta of 1.20. The business's 50-day moving average price is $62.63 and its 200-day moving average price is $69.86.
Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the firm posted $0.93 earnings per share. Masco's quarterly revenue was down 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.
Masco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid 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 1.97%. Masco's dividend payout ratio (DPR) is presently 33.88%.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Truist Financial dropped their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada dropped their target price on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. UBS Group restated a "buy" rating and issued a $80.00 target price (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Finally, Wells Fargo & Company lifted their price target on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $73.63.
Check Out Our Latest Stock Analysis on MAS
Masco Profile
(
Free Report)
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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