Masco Corporation (NYSE:MAS) Holdings Lowered by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. trimmed its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 81,678 shares of the construction company's stock after selling 6,600 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Masco were worth $5,680,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC raised its holdings in shares of Masco by 8.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after purchasing an additional 204 shares in the last quarter. Foster Victor Wealth Advisors LLC increased its position in shares of Masco by 16.5% in the first quarter. Foster Victor Wealth Advisors LLC now owns 255,269 shares of the construction company's stock worth $17,751,000 after acquiring an additional 36,149 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Masco by 7.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 702,568 shares of the construction company's stock worth $48,857,000 after acquiring an additional 49,055 shares in the last quarter. Donald L. Hagan LLC increased its position in shares of Masco by 3.7% in the first quarter. Donald L. Hagan LLC now owns 19,534 shares of the construction company's stock worth $1,358,000 after acquiring an additional 700 shares in the last quarter. Finally, Simon Quick Advisors LLC purchased a new position in shares of Masco in the first quarter worth approximately $258,000. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group reissued a "buy" rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wells Fargo & Company boosted their price objective on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Royal Bank Of Canada lowered their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Masco from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $73.63.

Masco Price Performance

Shares of Masco stock opened at $61.11 on Wednesday. The firm has a fifty day simple moving average of $62.72 and a 200-day simple moving average of $70.34. The company has a current ratio of 1.75, a quick ratio of 1.09 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 stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 2.38 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share 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 quarter in the previous year, the firm posted $0.93 earnings per share. Masco's quarterly revenue was down 6.5% compared to the same quarter last year. On average, sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is currently 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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