Financiere des Professionnels Fonds d investissement inc. Sells 12,002 Shares of Masco Corporation (NYSE:MAS)

Financiere des Professionnels Fonds d investissement inc. lessened its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 10.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,238 shares of the construction company's stock after selling 12,002 shares during the period. Financiere des Professionnels Fonds d investissement inc. owned approximately 0.05% of Masco worth $7,388,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in Masco by 23.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,562 shares of the construction company's stock worth $113,000 after purchasing an additional 296 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Masco by 52.3% during the fourth quarter. Jones Financial Companies Lllp now owns 4,690 shares of the construction company's stock worth $340,000 after buying an additional 1,610 shares during the period. Keybank National Association OH boosted its position in shares of Masco by 3.8% during the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after buying an additional 151 shares during the period. Assetmark Inc. grew its holdings in shares of Masco by 985.2% during the fourth quarter. Assetmark Inc. now owns 13,695 shares of the construction company's stock worth $994,000 after buying an additional 12,433 shares in the last quarter. Finally, M&T Bank Corp raised its position in Masco by 1.7% in the 4th quarter. M&T Bank Corp now owns 12,065 shares of the construction company's stock valued at $876,000 after buying an additional 205 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAS. UBS Group reissued a "buy" rating and set a $80.00 price target (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wells Fargo & Company raised their target price on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Loop Capital set a $62.00 target price on shares of Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. The Goldman Sachs Group cut their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Barclays set a $71.00 price objective on shares of Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Masco presently has an average rating of "Hold" and an average price target of $73.63.

Masco Trading Up 0.4%

NYSE MAS traded up $0.27 during midday trading on Tuesday, hitting $65.57. The company had a trading volume of 2,001,701 shares, compared to its average volume of 1,844,055. The firm has a 50-day moving average price of $63.63 and a 200-day moving average price of $68.86. The company has a market capitalization of $13.83 billion, a PE ratio of 17.92, a P/E/G ratio of 2.49 and a beta of 1.19. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. On average, equities analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. Masco's dividend payout ratio (DPR) is currently 33.88%.

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.