13,221 Shares in Masco Corporation (NYSE:MAS) Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC bought a new position in shares of Masco Corporation (NYSE:MAS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 13,221 shares of the construction company's stock, valued at approximately $919,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in Masco during the 4th quarter valued at $129,306,000. Wealthquest Corp acquired a new position in shares of Masco in the 1st quarter valued at $111,722,000. GAMMA Investing LLC raised its stake in shares of Masco by 11,690.9% in the 1st quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock valued at $63,397,000 after buying an additional 903,937 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Masco in the fourth quarter worth about $33,157,000. Finally, Freestone Grove Partners LP acquired a new position in Masco in the fourth quarter worth about $30,678,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Trading Up 0.9%

NYSE:MAS traded up $0.58 on Thursday, hitting $65.56. The company had a trading volume of 314,924 shares, compared to its average volume of 1,823,699. The stock has a market capitalization of $13.83 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.45 and a beta of 1.19. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The firm has a 50 day moving average of $64.23 and a two-hundred day moving average of $68.57.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 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 10.30% and a return on equity of 1,320.76%. The company's revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, equities analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.89%. Masco's dividend payout ratio (DPR) is presently 33.88%.

Analyst Ratings Changes

MAS has been the subject of a number of analyst reports. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Barclays lifted their price target on Masco from $71.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday. Loop Capital set a $62.00 target price on shares of Masco and gave the stock a "hold" rating in a research note 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 for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group dropped their price objective on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Ten equities research 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. Based on data from MarketBeat.com, Masco presently has a consensus rating of "Hold" and a consensus target price of $74.03.

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.