Ritholtz Wealth Management Sells 22,373 Shares of Masco Corporation (NYSE:MAS)

Ritholtz Wealth Management reduced its holdings in Masco Corporation (NYSE:MAS) by 55.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,889 shares of the construction company’s stock after selling 22,373 shares during the quarter. Ritholtz Wealth Management’s holdings in Masco were worth $1,244,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Allworth Financial LP grew its position in shares of Masco by 17.3% in the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock worth $71,000 after buying an additional 133 shares during the last quarter. Keybank National Association OH lifted its stake in shares of Masco by 3.8% in the 4th quarter. Keybank National Association OH now owns 4,165 shares of the construction company’s stock valued at $302,000 after purchasing an additional 151 shares during the period. VELA Investment Management LLC lifted its stake in shares of Masco by 2.5% in the 4th quarter. VELA Investment Management LLC now owns 7,914 shares of the construction company’s stock valued at $574,000 after purchasing an additional 194 shares during the period. M&T Bank Corp lifted its stake in shares of Masco by 1.7% in the 4th quarter. M&T Bank Corp now owns 12,065 shares of the construction company’s stock valued at $876,000 after purchasing an additional 205 shares during the period. Finally, Wedmont Private Capital lifted its stake in shares of Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company’s stock valued at $311,000 after purchasing an additional 208 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Down 2.2%

MAS stock opened at $61.11 on Wednesday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The business has a fifty day moving average price of $62.72 and a 200-day moving average price of $70.34. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.09. The stock has a market capitalization of $12.89 billion, a P/E ratio of 16.70, a P/E/G ratio of 2.38 and a beta of 1.19.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The business had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.03%. The ex-dividend date was Friday, May 23rd. Masco’s dividend payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MAS shares. Loop Capital set a $62.00 target price on Masco and gave the company a “hold” rating in a research note on Thursday, April 24th. Barclays set a $71.00 target price on Masco and gave the company an “overweight” rating in a research note on Thursday, April 24th. Jefferies Financial Group lowered their target price on Masco from $64.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Royal Bank Of Canada lowered their target price on Masco from $74.00 to $62.00 and set a “sector perform” rating for the company in a research note on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Masco in a research note on Wednesday, May 28th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.63.

Masco Company Profile

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.