Masco Co. (NYSE:MAS) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers boosted its position in shares of Masco Co. (NYSE:MAS - Free Report) by 8.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 415,557 shares of the construction company's stock after acquiring an additional 31,018 shares during the period. Rhumbline Advisers owned about 0.20% of Masco worth $28,898,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Masco during the fourth quarter worth $27,000. Kestra Investment Management LLC acquired a new position in shares of Masco during the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new position in shares of Masco during the 4th quarter worth about $42,000. GeoWealth Management LLC boosted its position in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after acquiring an additional 322 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after acquiring an additional 330 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Activity

In other Masco news, VP Renee Straber sold 3,139 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the transaction, the vice president now directly owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. This trade represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. UBS Group restated a "buy" rating and set a $80.00 price objective (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, May 24th. Royal Bank of Canada reduced their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. Jefferies Financial Group reduced their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Wells Fargo & Company boosted their target price on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $73.63.

Masco Trading Down 0.1%

NYSE MAS opened at $63.28 on Friday. The stock has a market capitalization of $13.35 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.94 and a beta of 1.23. Masco Co. has a 52-week low of $56.55 and a 52-week high of $86.70. The firm has a 50-day moving average price of $62.81 and a 200 day moving average price of $71.30. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74.

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). The business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The business's quarterly revenue was down 6.5% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. Equities research analysts expect that Masco Co. will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 9th. Shareholders of record on Friday, May 23rd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Friday, May 23rd. Masco's payout ratio is 33.88%.

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.

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