Northern Trust Corp Has $246.58 Million Stake in Masco Co. (NYSE:MAS)

Northern Trust Corp decreased its stake in Masco Co. (NYSE:MASFree Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,681,430 shares of the construction company’s stock after selling 253,556 shares during the quarter. Northern Trust Corp owned 1.68% of Masco worth $246,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC acquired a new position in Masco in the fourth quarter valued at about $39,000. Union Savings Bank raised 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 during the period. Bruce G. Allen Investments LLC acquired a new stake in shares of Masco during the fourth quarter worth about $44,000. VisionPoint Advisory Group LLC raised its position in shares of Masco by 70.6% during the third quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after purchasing an additional 435 shares during the period. Finally, Northwest Financial Advisors acquired a new stake in shares of Masco during the fourth quarter worth about $69,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 1.6 %

MAS stock opened at $66.03 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The business has a 50 day moving average price of $71.19 and a two-hundred day moving average price of $70.14. The company has a market cap of $14.54 billion, a price-to-earnings ratio of 16.18, a P/E/G ratio of 1.73 and a beta of 1.27. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94.

Masco (NYSE:MASGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.87 earnings per share. Analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.76%. Masco’s dividend payout ratio is 28.43%.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Analysis on Masco

Masco 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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