MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Cuts Position in Masco Co. (NYSE:MAS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its holdings in Masco Co. (NYSE:MAS - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,174 shares of the construction company's stock after selling 49,659 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Masco were worth $1,682,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its stake in shares of Masco by 17.3% during the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company's stock worth $71,000 after acquiring an additional 133 shares in the last quarter. Equitable Trust Co. boosted its stake in shares of Masco by 1.7% during the 4th quarter. Equitable Trust Co. now owns 8,089 shares of the construction company's stock worth $587,000 after acquiring an additional 136 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Masco by 26.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 703 shares of the construction company's stock worth $51,000 after acquiring an additional 148 shares in the last quarter. Keybank National Association OH boosted its stake in shares of Masco by 3.8% during the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock worth $302,000 after acquiring an additional 151 shares in the last quarter. Finally, VELA Investment Management LLC boosted its stake in shares of Masco by 2.5% during the 4th quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company's stock worth $574,000 after acquiring an additional 194 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on MAS shares. Evercore ISI decreased their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, May 24th. The Goldman Sachs Group decreased their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research note on Wednesday. Finally, Royal Bank of Canada decreased their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Ten investment 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, the company has an average rating of "Hold" and an average price target of $73.63.

Masco Price Performance

MAS traded up $0.32 during trading on Thursday, reaching $62.91. The company's stock had a trading volume of 402,883 shares, compared to its average volume of 2,068,619. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The firm has a fifty day simple moving average of $63.69 and a two-hundred day simple moving average of $71.97. Masco Co. has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a market cap of $13.27 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The company's revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, analysts anticipate that Masco Co. will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's payout ratio is presently 33.88%.

Insider Activity

In other news, VP Renee Straber sold 3,139 shares of Masco stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $71.78, for a total transaction of $225,317.42. Following the sale, the vice president now owns 33,027 shares of the company's stock, valued at approximately $2,370,678.06. The trade was a 8.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.50% of the company's stock.

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.