First Trust Direct Indexing L.P. Invests $211,000 in Masco Co. (NYSE:MAS)

First Trust Direct Indexing L.P. purchased a new position in shares of Masco Co. (NYSE:MASFree Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,671 shares of the construction company’s stock, valued at approximately $211,000.

Other hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its holdings in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after buying an additional 136 shares during the period. Riverview Trust Co acquired a new position in Masco in the first quarter valued at $43,000. Union Savings Bank lifted its holdings in Masco by 91.7% in the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock valued at $39,000 after buying an additional 275 shares during the period. Fortitude Family Office LLC acquired a new position in Masco in the fourth quarter valued at $39,000. Finally, Bruce G. Allen Investments LLC acquired a new position in Masco in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS stock opened at $65.62 on Wednesday. The stock has a market capitalization of $14.45 billion, a P/E ratio of 16.08, a PEG ratio of 1.70 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The firm’s 50 day moving average is $68.37 and its 200 day moving average is $70.78. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94.

Masco (NYSE:MASGet Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the prior year, the company posted $0.87 EPS. Masco’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced 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 1.77%. The ex-dividend date was Thursday, May 23rd. Masco’s dividend payout ratio is presently 28.43%.

Analyst Ratings Changes

Several equities analysts recently issued reports on MAS shares. Loop Capital dropped their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Evercore ISI decreased their price target 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. Citigroup lifted 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. Finally, Royal Bank of Canada lifted their price target 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. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $72.15.

Read Our Latest Stock Report on MAS

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.

See Also

Institutional Ownership by Quarter for Masco (NYSE:MAS)

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