SG Americas Securities LLC Acquires 66,847 Shares of Masco Co. (NYSE:MAS)

SG Americas Securities LLC boosted its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 700.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,388 shares of the construction company's stock after acquiring an additional 66,847 shares during the period. SG Americas Securities LLC's holdings in Masco were worth $5,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in Masco by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock worth $371,265,000 after buying an additional 58,739 shares during the last quarter. Northern Trust Corp boosted its stake in Masco by 9.5% during the 4th quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock worth $283,070,000 after purchasing an additional 337,164 shares during the last quarter. Van ECK Associates Corp boosted its stake in Masco by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company's stock worth $235,881,000 after purchasing an additional 299,520 shares during the last quarter. Invesco Ltd. boosted its stake in Masco by 14.7% during the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock worth $204,766,000 after purchasing an additional 360,931 shares during the last quarter. Finally, Deutsche Bank AG boosted its position in shares of Masco by 12.4% during the 4th quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock valued at $200,456,000 after acquiring an additional 305,156 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

Shares of MAS stock traded down $2.00 during mid-day trading on Friday, reaching $61.83. The company's stock had a trading volume of 1,762,728 shares, compared to its average volume of 1,809,784. Masco Co. has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a market cap of $13.04 billion, a P/E ratio of 16.44, a PEG ratio of 1.94 and a beta of 1.19. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75. The firm's 50-day moving average is $62.70 and its two-hundred day moving average is $70.60.

Masco (NYSE:MAS - Get Free Report) last announced 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 firm had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 earnings per share. On average, research analysts predict that Masco Co. will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 2.01%. Masco's payout ratio is presently 33.88%.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price target 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. Wall Street Zen lowered shares of Masco from a "hold" rating to a "sell" rating in a research note on Friday, June 6th. Wells Fargo & Company raised their target price on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Royal Bank of Canada decreased their price target on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Finally, UBS Group restated a "buy" rating and set a $80.00 target price (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $73.63.

Masco Company 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.