State of Alaska Department of Revenue Grows Stock Holdings in Masco Corporation (NYSE:MAS)

State of Alaska Department of Revenue boosted its position in Masco Corporation (NYSE:MAS) by 1.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 24,832 shares of the construction company’s stock after acquiring an additional 235 shares during the period. State of Alaska Department of Revenue’s holdings in Masco were worth $1,726,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in Masco in the 4th quarter worth approximately $42,000. GeoWealth Management LLC grew its stake in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after acquiring an additional 322 shares during the period. SRS Capital Advisors Inc. grew its stake in shares of Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock valued at $56,000 after buying an additional 330 shares during the period. Allworth Financial LP grew its stake in shares of Masco by 17.3% during the 4th quarter. Allworth Financial LP now owns 901 shares of the construction company’s stock valued at $71,000 after buying an additional 133 shares during the period. Finally, South Plains Financial Inc. purchased a new stake in shares of Masco during the 4th quarter valued at $70,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

Shares of Masco stock opened at $63.02 on Tuesday. The firm has a market cap of $13.29 billion, a PE ratio of 17.22, a price-to-earnings-growth ratio of 2.33 and a beta of 1.20. The firm’s 50-day simple moving average is $62.65 and its 200-day simple moving average is $69.73. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.09 and a current ratio of 1.75. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $0.93 EPS. Masco’s quarterly revenue was down 6.5% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, May 23rd. Masco’s dividend payout ratio is presently 33.88%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Wall Street Zen raised shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday. The Goldman Sachs Group lowered their price objective on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price objective on shares of Masco from $64.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, April 23rd. Finally, Evercore ISI lowered their price objective on shares of Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.