Masco Corporation (NYSE:MAS) Shares Sold by Ritholtz Wealth Management

Ritholtz Wealth Management cut its stake in Masco Corporation (NYSE:MAS - Free Report) by 55.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,889 shares of the construction company's stock after selling 22,373 shares during the period. Ritholtz Wealth Management's holdings in Masco were worth $1,244,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Kestra Investment Management LLC bought a new position in Masco in the 4th quarter worth about $30,000. Lee Danner & Bass Inc. purchased a new position in Masco in the fourth quarter worth about $42,000. GeoWealth Management LLC raised its holdings in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in shares of Masco by 74.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after buying an additional 330 shares in the last quarter. Finally, South Plains Financial Inc. purchased a new stake in shares of Masco during the fourth quarter valued at approximately $70,000. 93.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Truist Financial reduced their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. The Goldman Sachs Group lowered their price target on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Wall Street Zen cut Masco from a "hold" rating to a "sell" rating in a research report on Friday, June 6th. Finally, UBS Group reissued a "buy" rating and issued a $80.00 target price (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $73.63.

Masco Price Performance

NYSE MAS traded down $0.28 during trading hours on Wednesday, reaching $60.84. The company's stock had a trading volume of 2,520,455 shares, compared to its average volume of 1,819,940. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The firm has a market capitalization of $12.83 billion, a price-to-earnings ratio of 16.62, a P/E/G ratio of 2.38 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 1.09. The company's 50-day moving average is $62.72 and its two-hundred day moving average is $70.34.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the business earned $0.93 EPS. The business's revenue was down 6.5% compared to the same quarter last year. On average, equities analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio (DPR) 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.