Masco Corporation (NYSE:MAS) Stock Holdings Lifted by Moran Wealth Management LLC

Moran Wealth Management LLC raised its position in Masco Corporation (NYSE:MAS - Free Report) by 4.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,557 shares of the construction company's stock after purchasing an additional 6,981 shares during the period. Moran Wealth Management LLC owned about 0.08% of Masco worth $11,861,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Global X Japan Co. Ltd. lifted its holdings 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 acquiring an additional 208 shares during the period. Lee Danner & Bass Inc. purchased a new position in shares of Masco during the 4th quarter worth about $42,000. GeoWealth Management LLC lifted its holdings in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after acquiring an additional 322 shares during the period. SRS Capital Advisors Inc. raised its holdings in Masco by 74.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock valued at $56,000 after buying an additional 330 shares during the period. Finally, South Plains Financial Inc. purchased a new position in Masco in the fourth quarter valued at approximately $70,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Up 0.7%

Shares of MAS traded up $0.45 during mid-day trading on Friday, reaching $64.19. 2,796,058 shares of the stock traded hands, compared to its average volume of 1,836,675. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 2.44 and a beta of 1.19. The stock has a fifty day simple moving average of $62.83 and a 200 day simple moving average of $69.35. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is currently 33.88%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group cut their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Finally, UBS Group restated a "buy" rating and issued a $80.00 price target (down previously from $91.00) on shares of Masco in a report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $73.63.

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.