Masco Corporation (NYSE:MAS) Position Boosted by Praxis Investment Management Inc.

Praxis Investment Management Inc. raised its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 148.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,050 shares of the construction company's stock after acquiring an additional 4,210 shares during the quarter. Praxis Investment Management Inc.'s holdings in Masco were worth $490,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. raised its holdings in shares of Masco by 5,050.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company's stock worth $747,000 after purchasing an additional 10,100 shares during the period. Kovitz Investment Group Partners LLC raised its holdings in shares of Masco by 2.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 21,497 shares of the construction company's stock worth $1,560,000 after purchasing an additional 442 shares during the period. Elo Mutual Pension Insurance Co raised its holdings in shares of Masco by 25.6% during the fourth quarter. Elo Mutual Pension Insurance Co now owns 24,565 shares of the construction company's stock worth $1,783,000 after purchasing an additional 5,001 shares during the period. Stevens Capital Management LP raised its holdings in shares of Masco by 107.9% during the fourth quarter. Stevens Capital Management LP now owns 10,585 shares of the construction company's stock worth $768,000 after purchasing an additional 5,494 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Masco by 5.2% during the fourth quarter. LPL Financial LLC now owns 175,207 shares of the construction company's stock worth $12,715,000 after purchasing an additional 8,641 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research reports. The Goldman Sachs Group dropped their target price on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada dropped their target price 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. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Truist Financial dropped their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, UBS Group reaffirmed a "buy" rating and issued a $80.00 price objective (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 given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $73.63.

Masco Price Performance

Masco stock traded up $1.83 during trading hours on Monday, hitting $63.02. 3,147,021 shares of the company traded hands, compared to its average volume of 1,837,000. The firm has a market cap of $13.29 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.33 and a beta of 1.20. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The firm's 50-day simple moving average is $62.65 and its two-hundred day simple moving average is $69.73. Masco Corporation has a 1-year low of $56.55 and a 1-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). The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm's quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 EPS. As a group, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.97%. Masco's payout ratio is 33.88%.

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.