Masco Co. (NYSE:MAS) Shares Sold by KRS Capital Management LLC

KRS Capital Management LLC lessened its stake in shares of Masco Co. (NYSE:MAS) by 7.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 7,284 shares of the construction company’s stock after selling 624 shares during the period. KRS Capital Management LLC’s holdings in Masco were worth $575,000 at the end of the most recent reporting period.

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 shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares in the last quarter. Ballentine Partners LLC raised its holdings in shares of Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after buying an additional 137 shares in the last quarter. Wedmont Private Capital raised its holdings in shares of Masco by 4.4% in the 1st quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock worth $326,000 after buying an additional 178 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in Masco by 2.8% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after purchasing an additional 180 shares in the last quarter. Finally, Lindbrook Capital LLC increased its holdings in Masco by 19.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after purchasing an additional 182 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

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

Masco Trading Up 0.4 %

MAS stock traded up $0.27 during midday trading on Friday, hitting $66.67. 2,824,631 shares of the company’s stock were exchanged, compared to its average volume of 1,744,989. The stock’s fifty day moving average price is $69.13 and its 200-day moving average price is $70.85. 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 company has a market cap of $14.68 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27. Masco Co. has a one year low of $47.66 and a one year high of $78.94.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.87 earnings per share. Research analysts predict that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Friday, May 24th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Masco’s dividend payout ratio is 28.43%.

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.