Prudential PLC Has $5.01 Million Stock Position in Masco Corporation $MAS

Key Points

• Prudential PLC reduced its stake in Masco Corporation by 10.7%, now holding 71,984 shares valued at approximately $5 million.
• Masco reported earnings of $1.30 per share for the last quarter, surpassing expectations and achieving a revenue of $2.05 billion, despite a 1.9% decrease from the previous year.
• The company declared a quarterly dividend of $0.31 per share, with an annualized yield of 1.7%, showing a payout ratio of 32.89%.

Prudential PLC lowered its position in Masco Corporation (NYSE:MAS - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,984 shares of the construction company's stock after selling 8,595 shares during the quarter. Prudential PLC's holdings in Masco were worth $5,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after acquiring an additional 984,403 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Masco by 47.4% during the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after purchasing an additional 1,337,889 shares during the last quarter. Northern Trust Corp increased its position in Masco by 9.5% during the 4th quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after buying an additional 337,164 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after buying an additional 155,351 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Masco by 12.4% in the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock worth $200,456,000 after acquiring an additional 305,156 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Price Performance

MAS traded down $0.17 on Monday, reaching $73.35. The company had a trading volume of 594,620 shares, compared to its average volume of 2,158,882. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a market capitalization of $15.36 billion, a P/E ratio of 19.46, a PEG ratio of 2.68 and a beta of 1.16. The company has a fifty day moving average of $66.29 and a 200-day moving average of $67.36. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. As a group, equities research analysts anticipate 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 will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is 32.89%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. The Goldman Sachs Group cut their price objective on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada raised their price target on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Wells Fargo & Company upped their price objective on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Masco currently has a consensus rating of "Hold" and a consensus target price of $74.13.

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.