CX Institutional Acquires 349 Shares of Masco Co. (NYSE:MAS)

CX Institutional raised its position in Masco Co. (NYSE:MAS) by 7.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 4,842 shares of the construction company’s stock after acquiring an additional 349 shares during the period. CX Institutional’s holdings in Masco were worth $337,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Masco by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company’s stock valued at $371,265,000 after acquiring an additional 58,739 shares in the last quarter. Northern Trust Corp lifted its stake in Masco by 9.5% in the 4th quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company’s stock valued at $283,070,000 after acquiring an additional 337,164 shares in the last quarter. Invesco Ltd. lifted its stake in Masco by 14.7% in the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company’s stock valued at $204,766,000 after acquiring an additional 360,931 shares in the last quarter. Deutsche Bank AG lifted its stake in Masco by 12.4% in the 4th quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company’s stock valued at $200,456,000 after acquiring an additional 305,156 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Masco by 6.1% during the 4th quarter. Ameriprise Financial Inc. now owns 2,463,217 shares of the construction company’s stock worth $178,756,000 after purchasing an additional 142,318 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MAS shares. Jefferies Financial Group lowered their price target on Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, April 23rd. Loop Capital set a $62.00 price target on Masco and gave the stock a “hold” rating in a research report on Thursday, April 24th. Robert W. Baird lowered 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. Wall Street Zen lowered Masco from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Finally, Evercore ISI lowered their price target on Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Masco currently has an average rating of “Hold” and an average target price of $73.63.

Masco Stock Performance

Shares of NYSE MAS opened at $61.83 on Friday. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. Masco Co. has a one year low of $56.55 and a one year high of $86.70. The stock’s fifty day moving average price is $62.70 and its two-hundred day moving average price is $70.66. The firm has a market cap of $13.04 billion, a price-to-earnings ratio of 16.44, a P/E/G ratio of 1.94 and a beta of 1.19.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. The firm’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.93 earnings per share. On average, equities analysts forecast that Masco Co. 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. Stockholders of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.01%. 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.