Diversify Advisory Services LLC Makes New Investment in Masco Co. (NYSE:MAS)

Diversify Advisory Services LLC purchased a new stake in shares of Masco Co. (NYSE:MASFree Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,841 shares of the construction company’s stock, valued at approximately $221,000.

A number of other hedge funds also recently made changes to their positions in MAS. Norges Bank purchased a new stake in shares of Masco during the 4th quarter worth approximately $122,144,000. Confluence Investment Management LLC bought a new stake in shares of Masco in the first quarter valued at $78,181,000. Assenagon Asset Management S.A. increased its holdings in Masco by 967.9% in the 1st quarter. Assenagon Asset Management S.A. now owns 415,406 shares of the construction company’s stock worth $32,767,000 after acquiring an additional 376,506 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Masco by 1.2% during the third quarter. Vanguard Group Inc. now owns 25,787,414 shares of the construction company’s stock valued at $1,378,337,000 after purchasing an additional 298,116 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Masco by 14.9% during the fourth quarter. Nordea Investment Management AB now owns 1,957,357 shares of the construction company’s stock worth $131,437,000 after purchasing an additional 254,285 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Analysis on Masco

Masco Trading Down 0.1 %

Shares of MAS stock opened at $64.70 on Monday. The business has a 50-day moving average price of $68.51 and a two-hundred day moving average price of $70.81. Masco Co. has a 12-month low of $47.66 and a 12-month high of $78.94. 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 firm has a market cap of $14.25 billion, a P/E ratio of 15.86, a price-to-earnings-growth ratio of 1.70 and a beta of 1.24.

Masco (NYSE:MASGet Free Report) last released its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.87 EPS. Masco’s quarterly revenue was down 2.7% compared to the same quarter last year. Equities analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, May 23rd. Masco’s dividend payout ratio is presently 28.43%.

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.

See Also

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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