Nicolet Advisory Services LLC Decreases Position in Masco Corporation (NYSE:MAS)

Key Points

• Nicolet Advisory Services LLC has reduced its stake in Masco Corporation by 20.8%, owning 14,225 shares valued at approximately $989,000 after selling 3,730 shares in the first quarter.
• Masco Corporation reported earnings of $1.30 per share for the last quarter, exceeding analysts' expectations of $1.08, although its revenue declined by 1.9% year-over-year.
• The company will pay a quarterly dividend of $0.31 per share on August 25, representing an annualized yield of 1.8% with a payout ratio of 33.88%.

Nicolet Advisory Services LLC reduced its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 20.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,225 shares of the construction company's stock after selling 3,730 shares during the quarter. Nicolet Advisory Services LLC's holdings in Masco were worth $989,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealthquest Corp acquired a new stake in Masco in the first quarter valued at approximately $111,722,000. Foster & Motley Inc. increased its stake in Masco by 57.9% during the 1st quarter. Foster & Motley Inc. now owns 21,225 shares of the construction company's stock worth $1,476,000 after buying an additional 7,779 shares during the period. Seizert Capital Partners LLC lifted its holdings in Masco by 0.4% in the 1st quarter. Seizert Capital Partners LLC now owns 593,792 shares of the construction company's stock worth $41,292,000 after buying an additional 2,190 shares in the last quarter. XTX Topco Ltd lifted its holdings in Masco by 104.3% in the 1st quarter. XTX Topco Ltd now owns 16,912 shares of the construction company's stock worth $1,176,000 after buying an additional 8,634 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of Masco during the first quarter valued at about $719,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

NYSE MAS opened at $68.19 on Friday. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a 50-day simple moving average of $64.50 and a 200-day simple moving average of $68.14. The firm has a market capitalization of $14.38 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. Masco's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. Equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco's payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

Several research firms recently commented on MAS. Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. The Goldman Sachs Group reduced their target price on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird downgraded shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, July 22nd. Twelve research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $74.03.

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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