Procyon Advisors LLC Takes Position in Masco Co. (NYSE:MAS)

Procyon Advisors LLC bought a new stake in Masco Co. (NYSE:MAS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,071 shares of the construction company's stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAS. Curat Global LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $90,000. Czech National Bank increased its holdings in shares of Masco by 4.1% during the 1st quarter. Czech National Bank now owns 48,689 shares of the construction company's stock worth $3,386,000 after acquiring an additional 1,910 shares during the last quarter. Rhumbline Advisers raised its stake in Masco by 8.1% in the 1st quarter. Rhumbline Advisers now owns 415,557 shares of the construction company's stock valued at $28,898,000 after acquiring an additional 31,018 shares during the period. Parallel Advisors LLC raised its stake in Masco by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company's stock valued at $190,000 after acquiring an additional 349 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in Masco by 11,690.9% during the 1st quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock valued at $63,397,000 after purchasing an additional 903,937 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Price Performance

Masco stock opened at $63.21 on Friday. The firm has a market cap of $13.33 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The stock's fifty day moving average price is $62.68 and its two-hundred day moving average price is $71.17. Masco Co. has a one year low of $56.55 and a one year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, research analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

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 issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend is Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Insider Buying and Selling

In other Masco news, VP Renee Straber sold 3,139 shares of the business's 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 completion of the transaction, the vice president now directly owns 33,027 shares in the company, valued at $2,370,678.06. The trade was a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on MAS shares. Evercore ISI decreased their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Loop Capital set a $62.00 target price on shares of Masco and gave the stock a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company increased their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Barclays set a $71.00 price objective on shares of Masco and gave the stock an "overweight" rating in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group reduced their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Masco presently has an average rating of "Hold" and an average price target 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.

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