M&T Bank Corp Has $613,000 Stock Holdings in Masco Corporation (NYSE:MAS)

M&T Bank Corp decreased its position in shares of Masco Corporation (NYSE:MAS) by 26.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,815 shares of the construction company’s stock after selling 3,250 shares during the period. M&T Bank Corp’s holdings in Masco were worth $613,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Masco by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company’s stock valued at $371,265,000 after buying an additional 58,739 shares during the period. Northern Trust Corp lifted its holdings in Masco by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company’s stock valued at $283,070,000 after buying an additional 337,164 shares during the period. Invesco Ltd. lifted its holdings in Masco by 14.7% in the fourth quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company’s stock valued at $204,766,000 after buying an additional 360,931 shares during the period. Deutsche Bank AG lifted its holdings in Masco by 12.4% in the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company’s stock valued at $200,456,000 after buying an additional 305,156 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Masco by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,463,217 shares of the construction company’s stock valued at $178,756,000 after purchasing an additional 142,318 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of several recent research reports. Barclays boosted their target price on shares of Masco from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday. Evercore ISI decreased their target price on shares of Masco from $82.00 to $71.00 and set an “in-line” rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group decreased their target price on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Robert W. Baird decreased their target price on shares of Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Wells Fargo & Company boosted their price target on shares of Masco from $65.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 14th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $74.03.

Masco Stock Down 2.2%

MAS opened at $64.43 on Wednesday. The stock has a market cap of $13.59 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 2.51 and a beta of 1.19. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company’s 50-day moving average price is $64.13 and its two-hundred day moving average price is $68.59.

Masco (NYSE:MAS) last released its earnings results 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). The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. As a group, sell-side analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date was Friday, May 23rd. Masco’s payout ratio is currently 33.88%.

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.