Ferguson Wellman Capital Management Inc. Has $17.16 Million Holdings in Masco Co. (NYSE:MAS)

Ferguson Wellman Capital Management Inc. reduced its holdings in shares of Masco Co. (NYSE:MAS) by 0.1% in the first quarter, HoldingsChannel.com reports. The fund owned 246,716 shares of the construction company’s stock after selling 223 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Masco were worth $17,157,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in Masco in the fourth quarter valued at $27,000. Kestra Investment Management LLC purchased a new stake in shares of Masco in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Masco during the 4th quarter valued at $42,000. GeoWealth Management LLC lifted its position in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after purchasing an additional 322 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in shares of Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock worth $56,000 after buying an additional 330 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

Masco stock opened at $63.83 on Thursday. The stock has a market cap of $13.46 billion, a price-to-earnings ratio of 16.98, a PEG ratio of 1.94 and a beta of 1.19. The stock’s 50 day simple moving average is $62.58 and its two-hundred day simple moving average is $70.92. Masco Co. has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.15 and a current ratio of 1.75.

Masco (NYSE:MAS) 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 838.32% and a net margin of 10.50%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, analysts expect that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders 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 1.94%. The ex-dividend date was Friday, May 23rd. Masco’s payout ratio is 33.88%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Masco from a “hold” rating to a “sell” rating in a report on Friday, June 6th. Robert W. Baird decreased their price target on Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their price objective on Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Masco in a research note on Wednesday, May 28th. Finally, UBS Group reiterated a “buy” rating and set a $80.00 price target (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus target price of $73.63.

Masco 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.