Masco Co. (NYSE:MAS) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its holdings in Masco Co. (NYSE:MAS) by 0.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,579,474 shares of the construction company’s stock after selling 207,940 shares during the period. Vanguard Group Inc. owned approximately 11.64% of Masco worth $1,713,313,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its holdings in Masco by 1.6% in the 3rd quarter. Janney Montgomery Scott LLC now owns 11,646 shares of the construction company’s stock valued at $623,000 after acquiring an additional 178 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Masco by 2.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after acquiring an additional 180 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Masco by 19.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after acquiring an additional 182 shares during the last quarter. Donald L. Hagan LLC raised its holdings in Masco by 0.9% in the 4th quarter. Donald L. Hagan LLC now owns 21,108 shares of the construction company’s stock valued at $1,414,000 after acquiring an additional 186 shares during the last quarter. Finally, First Hawaiian Bank raised its holdings in Masco by 1.3% in the 4th quarter. First Hawaiian Bank now owns 15,167 shares of the construction company’s stock valued at $1,016,000 after acquiring an additional 195 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $69.39 on Wednesday. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The stock has a market capitalization of $15.28 billion, a P/E ratio of 17.01, a PEG ratio of 1.81 and a beta of 1.27. The company has a 50 day moving average price of $70.17 and a 200 day moving average price of $70.68. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter last year, the company posted $0.87 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. Equities research analysts forecast that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were given a $0.29 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 1.67%. Masco’s dividend payout ratio is presently 28.43%.

Analyst Ratings Changes

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

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.