Masco Corporation (NYSE:MAS) Stock Position Lessened by Kesler Norman & Wride LLC

Kesler Norman & Wride LLC decreased its holdings in Masco Corporation (NYSE:MAS - Free Report) by 59.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,797 shares of the construction company's stock after selling 5,658 shares during the quarter. Kesler Norman & Wride LLC's holdings in Masco were worth $264,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Global X Japan Co. Ltd. lifted its holdings in shares of Masco by 120.2% in the first 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. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the first quarter valued at $29,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco in the fourth quarter valued at $42,000. GeoWealth Management LLC lifted its holdings in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in shares of Masco in the first quarter valued at $56,000. Institutional investors own 93.91% of the company's stock.

Masco Price Performance

Shares of MAS stock opened at $65.84 on Friday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The stock's 50-day moving average is $63.97 and its two-hundred day moving average is $68.74. The firm has a market cap of $13.89 billion, a P/E ratio of 17.99, a PEG ratio of 2.57 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company earned $0.93 earnings per share. The business's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is currently 33.88%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MAS shares. Loop Capital set a $62.00 price objective on Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Robert W. Baird cut their price objective on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Evercore ISI reduced their target price on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Finally, Barclays set a $71.00 target price on Masco and gave the company an "overweight" rating in a report 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. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price 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.

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