6,041 Shares in Masco Corporation (NYSE:MAS) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,041 shares of the construction company's stock, valued at approximately $420,000.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in Masco in the fourth quarter valued at approximately $129,306,000. GAMMA Investing LLC boosted its stake in Masco by 11,690.9% in the first quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock valued at $63,397,000 after acquiring an additional 903,937 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Masco in the fourth quarter valued at approximately $33,157,000. Freestone Grove Partners LP acquired a new stake in Masco in the fourth quarter valued at approximately $30,678,000. Finally, Invesco Ltd. boosted its stake in Masco by 14.7% in the fourth quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after acquiring an additional 360,931 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on MAS shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Barclays set a $71.00 price objective on shares of Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. The Goldman Sachs Group lowered their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Truist Financial lowered their price objective on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI lowered their price objective on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $73.63.

Masco Stock Performance

Shares of MAS stock traded up $0.34 on Friday, hitting $61.24. The company had a trading volume of 5,147,863 shares, compared to its average volume of 1,928,093. The firm has a market cap of $12.92 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The company has a 50-day moving average price of $62.63 and a 200-day moving average price of $69.93. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Corporation has a twelve month low of $56.55 and a twelve month 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 (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business's quarterly revenue was down 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a $0.31 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.02%. Masco's dividend payout ratio (DPR) is currently 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.