Masco Corporation (NYSE:MAS) Shares Purchased by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 506.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 90,293 shares of the construction company's stock after purchasing an additional 75,403 shares during the period. Edgestream Partners L.P.'s holdings in Masco were worth $6,279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC increased its holdings in Masco by 8.2% in the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after purchasing an additional 204 shares during the period. Wedmont Private Capital grew its stake in shares of Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after buying an additional 208 shares during the period. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after buying an additional 208 shares during the period. State of Alaska Department of Revenue boosted its stake in Masco by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after purchasing an additional 235 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Masco by 9.1% in the 1st quarter. UMB Bank n.a. now owns 2,973 shares of the construction company's stock worth $207,000 after buying an additional 249 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

Shares of NYSE:MAS traded down $0.45 during trading on Friday, reaching $65.43. 818,835 shares of the company were exchanged, compared to its average volume of 1,823,212. The business's fifty day simple moving average is $64.31 and its 200-day simple moving average is $68.52. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The firm has a market capitalization of $13.80 billion, a PE ratio of 17.89, a P/E/G ratio of 2.47 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. On average, sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.90%. Masco's payout ratio is 33.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group cut their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Loop Capital set a $62.00 target price on Masco and gave the stock a "hold" rating in a research note 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 note on Thursday, April 24th. Wells Fargo & Company boosted their target price on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft restated 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 assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $74.03.

Masco Company 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.