Sumitomo Mitsui Trust Holdings Inc. Grows Holdings in Masco Co. (NYSE:MAS)

Sumitomo Mitsui Trust Holdings Inc. raised its position in Masco Co. (NYSE:MASFree Report) by 1.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 539,398 shares of the construction company’s stock after buying an additional 7,064 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Masco worth $42,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in shares of Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of Masco during the 4th quarter worth about $39,000. Union Savings Bank raised its position in shares of Masco by 91.7% during the 4th 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 last quarter. Riverview Trust Co acquired a new position in shares of Masco during the 1st quarter worth about $43,000. Finally, Bruce G. Allen Investments LLC acquired a new position in shares of Masco during the 4th quarter worth about $44,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

MAS has been the subject of several research analyst reports. Loop Capital reduced their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, April 25th. Royal Bank of Canada upped their price objective on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. Evercore ISI dropped their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Citigroup upped their price objective 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

Check Out Our Latest Analysis on MAS

Masco Stock Performance

Shares of MAS stock opened at $64.70 on Monday. The firm’s 50 day moving average price is $68.51 and its 200-day moving average price is $70.81. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. Masco Co. has a one year low of $47.66 and a one year high of $78.94. The firm has a market cap of $14.25 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.70 and a beta of 1.24.

Masco (NYSE:MASGet Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.87 EPS. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, equities research analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were issued a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 annualized dividend and a dividend yield of 1.79%. Masco’s dividend payout ratio is currently 28.43%.

Masco Company 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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