Praxis Investment Management Inc. Boosts Stock Position in Masco Corporation (NYSE:MAS)

Praxis Investment Management Inc. raised its position in Masco Corporation (NYSE:MAS - Free Report) by 148.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,050 shares of the construction company's stock after buying an additional 4,210 shares during the period. Praxis Investment Management Inc.'s holdings in Masco were worth $490,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in shares of Masco by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock worth $371,265,000 after acquiring an additional 58,739 shares during the last quarter. Northern Trust Corp raised its stake in Masco by 9.5% in the 4th quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after purchasing an additional 337,164 shares during the last quarter. Invesco Ltd. lifted its holdings in Masco by 14.7% in the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after purchasing an additional 360,931 shares in the last quarter. Deutsche Bank AG boosted its stake in Masco by 12.4% during the 4th quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock worth $200,456,000 after purchasing an additional 305,156 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Masco by 6.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,463,217 shares of the construction company's stock worth $178,756,000 after purchasing an additional 142,318 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 0.9%

Shares of Masco stock traded up $0.59 during trading hours on Thursday, hitting $63.78. The company's stock had a trading volume of 2,263,576 shares, compared to its average volume of 1,834,992. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.41 and a beta of 1.19. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.09 and a current ratio of 1.75. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The firm has a fifty day moving average of $62.78 and a 200-day moving average of $69.52.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analysts' expectations 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 quarter last year, the firm posted $0.93 earnings per share. Research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.94%. Masco's dividend payout ratio is currently 33.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MAS shares. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Evercore ISI cut their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group decreased their target price 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. Loop Capital set a $62.00 price target on Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $73.63.

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.