Masco Corporation (NYSE:MAS) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. reduced its stake in shares of Masco Corporation (NYSE:MAS) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,583 shares of the construction company’s stock after selling 632 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Masco were worth $875,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAS. Global X Japan Co. Ltd. increased its holdings in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after acquiring an additional 208 shares during the period. Lee Danner & Bass Inc. bought a new position in Masco in the 4th quarter worth about $42,000. GeoWealth Management LLC grew its position 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 purchasing an additional 322 shares during the last quarter. South Plains Financial Inc. acquired a new stake in shares of Masco in the fourth quarter valued at approximately $70,000. Finally, Curat Global LLC bought a new stake in shares of Masco during the first quarter valued at approximately $90,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts 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 report on Thursday, April 24th. Robert W. Baird lowered their price target on Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Evercore ISI cut their price objective on shares of Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their target price on shares of Masco from $74.00 to $62.00 and set a “sector perform” rating for the company in a research report on Thursday, April 24th. Finally, The Goldman Sachs Group dropped their price target on shares of Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.63.

Masco Price Performance

MAS stock opened at $66.43 on Monday. The firm has a market cap of $14.01 billion, a PE ratio of 18.15, a P/E/G ratio of 2.53 and a beta of 1.19. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The firm has a 50 day simple moving average of $63.44 and a 200 day simple moving average of $68.94.

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 company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. Masco’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.87%. Masco’s payout ratio is presently 33.88%.

Masco 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.