Yacktman Asset Management LP Has $18.55 Million Position in Masco Corporation (NYSE:MAS)

Yacktman Asset Management LP decreased its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 10.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 266,686 shares of the construction company's stock after selling 30,228 shares during the quarter. Yacktman Asset Management LP owned about 0.13% of Masco worth $18,545,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MAS. Jones Financial Companies Lllp increased its holdings in Masco by 52.3% during the fourth quarter. Jones Financial Companies Lllp now owns 4,690 shares of the construction company's stock worth $340,000 after buying an additional 1,610 shares during the last quarter. Keybank National Association OH boosted its position in shares of Masco by 3.8% in the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after acquiring an additional 151 shares during the period. Assetmark Inc. boosted its position in shares of Masco by 985.2% in the fourth quarter. Assetmark Inc. now owns 13,695 shares of the construction company's stock valued at $994,000 after acquiring an additional 12,433 shares during the period. M&T Bank Corp boosted its position in shares of Masco by 1.7% in the fourth quarter. M&T Bank Corp now owns 12,065 shares of the construction company's stock valued at $876,000 after acquiring an additional 205 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Masco in the fourth quarter valued at approximately $7,512,000. Institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Loop Capital set a $62.00 price target on shares of Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. UBS Group reissued a "buy" rating and issued a $80.00 target price (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Evercore ISI decreased their target price on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Finally, Jefferies Financial Group reduced their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Ten 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $73.63.

Masco Stock Up 0.4%

NYSE MAS opened at $65.57 on Wednesday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The business has a fifty day moving average of $63.63 and a 200-day moving average of $68.86. The stock has a market cap of $13.83 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter last year, the business posted $0.93 EPS. Masco's quarterly revenue was down 6.5% compared to the same quarter last year. As a group, analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, May 23rd. Masco's payout ratio is 33.88%.

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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