Segall Bryant & Hamill LLC Purchases 12,347 Shares of Masco Corporation (NYSE:MAS)

Segall Bryant & Hamill LLC boosted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 15.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,424 shares of the construction company's stock after purchasing an additional 12,347 shares during the quarter. Segall Bryant & Hamill LLC's holdings in Masco were worth $6,427,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco in the first quarter valued at approximately $29,000. Lee Danner & Bass Inc. bought a new position in shares of Masco during the 4th quarter valued at about $42,000. GeoWealth Management LLC lifted its stake in shares of 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 in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Masco in the 1st quarter worth approximately $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

Shares of NYSE MAS opened at $65.90 on Friday. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The firm has a market cap of $13.90 billion, a PE ratio of 18.01, a price-to-earnings-growth ratio of 2.47 and a beta of 1.19. The company has a 50 day simple moving average of $64.31 and a 200 day simple moving average of $68.52.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.93 EPS. As a group, research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio (DPR) is presently 33.88%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Robert W. Baird lowered their target price on Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $80.00 price objective (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Evercore ISI dropped their price target on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada decreased their price target on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.03.

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.

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