Atria Wealth Solutions Inc. Sells 470 Shares of Masco Corporation (NYSE:MAS)

Atria Wealth Solutions Inc. lowered its stake in Masco Corporation (NYSE:MAS) by 6.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,386 shares of the construction company’s stock after selling 470 shares during the period. Atria Wealth Solutions Inc.’s holdings in Masco were worth $444,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Global X Japan Co. Ltd. grew its position in Masco by 120.2% in the first 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. Alpine Bank Wealth Management bought a new position in Masco in the first quarter valued at about $29,000. Costello Asset Management INC bought a new position in Masco in the first quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the first quarter valued at about $33,000. Finally, GeoWealth Management LLC grew its position in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock valued at $50,000 after acquiring an additional 322 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Masco stock opened at $73.62 on Friday. The stock’s 50 day moving average is $66.09 and its 200 day moving average is $67.59. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm has a market cap of $15.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.72 and a beta of 1.16. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. As a group, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 8th. Masco’s payout ratio is currently 32.89%.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. Oppenheimer set a $79.00 target price on Masco and gave the company an “outperform” rating in a research report on Monday, August 4th. The Goldman Sachs Group decreased their target price on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their target price on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Twelve analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Masco currently has a consensus rating of “Hold” and an average target price of $74.13.

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.