Mn Services Vermogensbeheer B.V. Has $5.68 Million Stake in Masco Corporation (NYSE:MAS)

Mn Services Vermogensbeheer B.V. cut its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 7.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 81,678 shares of the construction company's stock after selling 6,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Masco were worth $5,680,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its position in shares of Masco by 5,050.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock valued at $747,000 after buying an additional 10,100 shares during the last quarter. Principal Securities Inc. raised its position in shares of Masco by 20.5% in the fourth quarter. Principal Securities Inc. now owns 11,337 shares of the construction company's stock valued at $823,000 after buying an additional 1,931 shares during the last quarter. Empower Advisory Group LLC raised its position in shares of Masco by 2.0% in the fourth quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company's stock valued at $73,737,000 after buying an additional 20,129 shares during the last quarter. Kovitz Investment Group Partners LLC raised its position in shares of Masco by 2.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 21,497 shares of the construction company's stock valued at $1,560,000 after buying an additional 442 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co raised its position in shares of Masco by 25.6% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 24,565 shares of the construction company's stock valued at $1,783,000 after buying an additional 5,001 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

Shares of MAS traded up $0.34 on Friday, reaching $61.24. 5,147,863 shares of the stock traded hands, compared to its average volume of 1,831,738. The firm has a market cap of $12.92 billion, a price-to-earnings ratio of 16.73, a P/E/G ratio of 2.33 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 1.09. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The stock's 50-day moving average price is $62.63 and its 200-day moving average price is $69.93.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. Masco's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.93 EPS. Equities analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared 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. This represents a $1.24 annualized dividend and a dividend yield of 2.02%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MAS. Barclays set a $71.00 price objective on shares of Masco and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a "hold" rating in a research report on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Robert W. Baird lowered their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Royal Bank Of Canada lowered their target price on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target 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.