Masco Co. (NYSE:MAS) Shares Sold by Thompson Investment Management Inc.

Thompson Investment Management Inc. trimmed its stake in Masco Co. (NYSE:MASFree Report) by 21.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,964 shares of the construction company’s stock after selling 1,069 shares during the quarter. Thompson Investment Management Inc.’s holdings in Masco were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Versant Capital Management Inc raised its holdings in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of Masco during the fourth quarter worth approximately $39,000. Union Savings Bank lifted its position in shares of Masco by 91.7% during the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after purchasing an additional 275 shares in the last quarter. Riverview Trust Co acquired a new position in Masco during the 1st quarter worth $43,000. Finally, Bruce G. Allen Investments LLC acquired a new stake in shares of Masco in the 4th quarter valued at $44,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock traded down $2.61 during midday trading on Tuesday, hitting $65.48. 2,761,096 shares of the company were exchanged, compared to its average volume of 1,930,451. The firm has a market capitalization of $14.42 billion, a P/E ratio of 16.69, a PEG ratio of 1.78 and a beta of 1.27. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The firm’s 50 day moving average price is $69.61 and its two-hundred day moving average price is $70.88.

Masco (NYSE:MASGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.87 earnings per share. As a group, equities research analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were paid a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.77%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MAS shares. Royal Bank of Canada raised their price target on Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Evercore ISI decreased their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. Citigroup raised their target price on Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, Loop Capital reduced their price objective on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.15.

Read Our Latest Stock Analysis on MAS

Masco Company Profile

(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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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