Victory Capital Management Inc. lessened its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 5.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 611,630 shares of the construction company's stock after selling 34,696 shares during the quarter. Victory Capital Management Inc. owned about 0.29% of Masco worth $42,533,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of MAS. Signaturefd LLC lifted its stake in shares of Masco by 32.2% in the 4th quarter. Signaturefd LLC now owns 3,594 shares of the construction company's stock valued at $261,000 after purchasing an additional 876 shares during the last quarter. Generali Asset Management SPA SGR bought a new stake in shares of Masco during the 4th quarter worth approximately $96,000. Royal London Asset Management Ltd. lifted its stake in shares of Masco by 11.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 101,190 shares of the construction company's stock worth $7,343,000 after acquiring an additional 10,616 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in shares of Masco by 22.7% during the 4th quarter. iA Global Asset Management Inc. now owns 30,451 shares of the construction company's stock worth $2,210,000 after acquiring an additional 5,643 shares during the last quarter. Finally, Blueshift Asset Management LLC bought a new stake in shares of Masco during the 4th quarter worth approximately $309,000. 93.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
MAS has been the topic of several research reports. Evercore ISI reduced their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada cut their price target on Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a report on Thursday, April 24th. Jefferies Financial Group cut their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, 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, July 15th. Twelve investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.03.
Get Our Latest Report on Masco
Masco Stock Performance
MAS stock traded up $1.15 on Wednesday, hitting $67.86. 3,402,085 shares of the company's stock were exchanged, compared to its average volume of 1,822,511. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The firm has a 50 day moving average price of $64.27 and a two-hundred day moving average price of $68.36. The stock has a market cap of $14.31 billion, a P/E ratio of 18.54, a price-to-earnings-growth ratio of 2.72 and a beta of 1.19.
Masco (NYSE:MAS - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $0.93 EPS. The business's revenue was down 6.5% compared to the same quarter last year. Sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.
Masco Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were issued a $0.31 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.83%. Masco's dividend payout ratio (DPR) is presently 33.88%.
Masco Profile
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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.
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