Mutual of America Capital Management LLC Has $1.72 Million Stock Position in Masco Corporation (NYSE:MAS)

Mutual of America Capital Management LLC lowered its holdings in shares of Masco Corporation (NYSE:MAS) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,656 shares of the construction company’s stock after selling 1,194 shares during the period. Mutual of America Capital Management LLC’s holdings in Masco were worth $1,715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Exchange Traded Concepts LLC lifted its holdings in shares of Masco by 8.2% during the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company’s stock valued at $188,000 after acquiring an additional 204 shares during the period. Wedmont Private Capital raised its holdings in Masco by 4.9% during the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company’s stock worth $311,000 after purchasing an additional 208 shares during the last quarter. Global X Japan Co. Ltd. increased its stake 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 valued at $26,000 after acquiring an additional 208 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Masco by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company’s stock valued at $1,726,000 after acquiring an additional 235 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Masco by 9.1% in the 1st quarter. UMB Bank n.a. now owns 2,973 shares of the construction company’s stock valued at $207,000 after acquiring an additional 249 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Jefferies Financial Group decreased their price objective on Masco from $64.00 to $62.00 and set a “hold” rating for the company in a research report on Wednesday, April 23rd. Loop Capital set a $62.00 price objective on shares of Masco and gave the stock a “hold” rating in a research note on Thursday, April 24th. UBS Group reaffirmed a “buy” rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. Finally, Barclays raised their price target on Masco from $71.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. 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 stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus target price of $74.03.

Masco Price Performance

Masco stock opened at $65.59 on Monday. The stock’s 50 day moving average is $64.38 and its 200 day moving average is $68.42. The firm has a market cap of $13.84 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.50 and a beta of 1.19. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

Masco (NYSE:MAS) last issued 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 business had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.93 earnings per share. Equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders 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 dividend yield of 1.89%. Masco’s dividend payout ratio is 33.88%.

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.