Robeco Institutional Asset Management B.V. Trims Position in Masco Corporation (NYSE:MAS)

Robeco Institutional Asset Management B.V. trimmed its holdings in Masco Corporation (NYSE:MAS - Free Report) by 11.9% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 208,802 shares of the construction company's stock after selling 28,082 shares during the period. Robeco Institutional Asset Management B.V. owned 0.10% of Masco worth $14,520,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Y Intercept Hong Kong Ltd acquired a new stake in Masco during the 4th quarter worth approximately $664,000. Mn Services Vermogensbeheer B.V. raised its stake in shares of Masco by 2.2% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 88,278 shares of the construction company's stock worth $6,406,000 after purchasing an additional 1,900 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Masco by 1.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 54,268 shares of the construction company's stock worth $3,938,000 after purchasing an additional 813 shares during the period. Proficio Capital Partners LLC purchased a new position in Masco in the 4th quarter valued at $7,512,000. Finally, Parkside Financial Bank & Trust increased its stake in Masco by 225.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,144 shares of the construction company's stock valued at $83,000 after buying an additional 792 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of several recent analyst reports. Barclays set a $71.00 target price on shares of Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Royal Bank Of Canada reduced their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group reduced 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. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Ten analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Masco has a consensus rating of "Hold" and an average target price of $73.63.

Masco Stock Performance

NYSE:MAS traded up $0.02 during mid-day trading on Wednesday, hitting $67.12. 1,528,012 shares of the company's stock traded hands, compared to its average volume of 1,842,526. The company has a market cap of $14.16 billion, a PE ratio of 18.32, a price-to-earnings-growth ratio of 2.45 and a beta of 1.19. The firm's 50 day simple moving average is $63.03 and its 200 day simple moving average is $69.17. 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 issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same period last year, the business earned $0.93 earnings per share. The company's revenue for the quarter was down 6.5% on a year-over-year basis. On average, research analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal 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 given 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 1.85%. Masco's dividend payout ratio is currently 33.88%.

About Masco

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.