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Robeco Schweiz AG Sells 172,733 Shares of Masco Corporation (NYSE:MAS)

Masco logo with Construction background

Robeco Schweiz AG cut its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 45.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 210,434 shares of the construction company's stock after selling 172,733 shares during the quarter. Robeco Schweiz AG owned approximately 0.10% of Masco worth $14,634,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Proficio Capital Partners LLC purchased a new position in shares of Masco in the fourth quarter worth $7,512,000. Raymond James Financial Inc. purchased a new position in shares of Masco during the fourth quarter valued at about $33,157,000. Daiwa Securities Group Inc. increased its holdings in shares of Masco by 6.8% in the fourth quarter. Daiwa Securities Group Inc. now owns 28,673 shares of the construction company's stock worth $2,081,000 after purchasing an additional 1,819 shares during the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Masco by 3.9% in the fourth quarter. Johnson Investment Counsel Inc. now owns 10,123 shares of the construction company's stock worth $735,000 after buying an additional 382 shares in the last quarter. Finally, Independent Advisor Alliance grew its holdings in Masco by 26.9% during the 4th quarter. Independent Advisor Alliance now owns 3,789 shares of the construction company's stock valued at $275,000 after buying an additional 804 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Up 0.9%

MAS opened at $67.50 on Friday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a fifty day moving average price of $63.90 and a 200-day moving average price of $68.80. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 18.44, a PEG ratio of 2.55 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last announced its 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 1,320.76% and a net margin of 10.30%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business's revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio is currently 33.88%.

Analyst Ratings Changes

A number of research analysts have recently commented on MAS shares. Truist Financial lowered their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Royal Bank Of Canada decreased their target price on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research report on Thursday, April 24th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group reduced 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. Finally, Evercore ISI reduced their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Ten investment 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 company. According to data from MarketBeat, Masco has an average rating of "Hold" and an average price target of $73.63.

Get Our Latest Analysis on MAS

About Masco

(Free Report)

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.

See Also

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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