Xponance Inc. Sells 27,175 Shares of Masco Corporation (NYSE:MAS)

Xponance Inc. trimmed its stake in Masco Corporation (NYSE:MAS - Free Report) by 39.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,028 shares of the construction company's stock after selling 27,175 shares during the period. Xponance Inc.'s holdings in Masco were worth $2,853,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MAS. Global X Japan Co. Ltd. grew its position in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Masco during the first quarter worth about $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco in the fourth quarter worth $42,000. GeoWealth Management LLC raised its holdings in Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after acquiring an additional 322 shares in the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Masco in the 1st quarter valued at about $56,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of NYSE MAS traded down $1.48 during mid-day trading on Tuesday, reaching $64.43. The company had a trading volume of 2,077,958 shares, compared to its average volume of 1,831,360. The firm has a market cap of $13.59 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.51 and a beta of 1.19. The business's 50-day simple moving average is $63.97 and its 200 day simple moving average is $68.67. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

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

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.92%. Masco's dividend payout ratio is currently 33.88%.

Analyst Ratings Changes

Several brokerages have recently commented on MAS. 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 research note on Thursday, April 24th. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays raised their target price on shares of Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday. UBS Group restated a "buy" rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target 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.