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

Yousif Capital Management LLC decreased its stake in Masco Co. (NYSE:MAS) by 2.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,850 shares of the construction company’s stock after selling 701 shares during the period. Yousif Capital Management LLC’s holdings in Masco were worth $1,937,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. V Square Quantitative Management LLC boosted its holdings in shares of Masco by 8.9% during the fourth quarter. V Square Quantitative Management LLC now owns 5,647 shares of the construction company’s stock valued at $410,000 after acquiring an additional 462 shares during the period. Principal Securities Inc. increased its holdings in shares of Masco by 20.5% in the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company’s stock worth $823,000 after acquiring an additional 1,931 shares during the period. Allworth Financial LP lifted its position in Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after purchasing an additional 133 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Masco by 3.9% during the 4th quarter. CIBC Asset Management Inc now owns 34,037 shares of the construction company’s stock valued at $2,470,000 after purchasing an additional 1,272 shares during the period. Finally, Empower Advisory Group LLC grew its position in Masco by 2.0% in the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company’s stock worth $73,737,000 after purchasing an additional 20,129 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Down 3.1%

NYSE MAS opened at $61.83 on Monday. Masco Co. has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a market capitalization of $13.04 billion, a P/E ratio of 16.44, a PEG ratio of 1.94 and a beta of 1.19. The company’s 50 day simple moving average is $62.70 and its 200 day simple moving average is $70.53. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). The business had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Equities research analysts expect that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.01%. Masco’s dividend payout ratio (DPR) is 33.88%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada cut their price target on Masco from $74.00 to $62.00 and set a “sector perform” rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group cut their target price on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. UBS Group reiterated a “buy” rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wall Street Zen cut Masco from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Finally, Loop Capital set a $62.00 price objective on shares of Masco and gave the company a “hold” rating in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $73.63.

About Masco

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.