Public Employees Retirement Association of Colorado decreased its holdings in shares of Masco Corp (NYSE:MAS) by 5.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,481 shares of the construction company’s stock after selling 2,177 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Masco were worth $1,943,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of MAS. NuWave Investment Management LLC boosted its holdings in shares of Masco by 59,900.0% during the fourth quarter. NuWave Investment Management LLC now owns 600 shares of the construction company’s stock worth $29,000 after purchasing an additional 599 shares during the last quarter. Usca Ria LLC acquired a new stake in shares of Masco during the third quarter worth $32,000. TRUE Private Wealth Advisors acquired a new stake in shares of Masco during the fourth quarter worth $37,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Masco in the 3rd quarter worth $42,000. Finally, Whittier Trust Co. raised its position in shares of Masco by 232.8% in the 4th quarter. Whittier Trust Co. now owns 1,115 shares of the construction company’s stock worth $54,000 after buying an additional 780 shares during the period. Institutional investors and hedge funds own 91.34% of the company’s stock.
Several brokerages recently weighed in on MAS. Zacks Investment Research raised Masco from a “sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research report on Friday, January 3rd. Loop Capital began coverage on Masco in a research report on Thursday, January 23rd. They issued a “hold” rating and a $49.00 target price on the stock. Goldman Sachs Group began coverage on Masco in a research report on Friday, December 6th. They issued a “buy” rating and a $55.00 target price on the stock. Argus reaffirmed a “reduce” rating and issued a $54.00 target price on shares of Masco in a research report on Tuesday, January 28th. Finally, TheStreet raised Masco from a “c+” rating to a “b-” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Masco presently has a consensus rating of “Buy” and an average target price of $50.19.
NYSE:MAS traded down $0.60 during mid-day trading on Friday, hitting $45.89. The company had a trading volume of 198,904 shares, compared to its average volume of 2,596,665. The business has a fifty day simple moving average of $48.24 and a 200-day simple moving average of $44.51. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 120.48. Masco Corp has a 1 year low of $34.79 and a 1 year high of $50.06. The firm has a market capitalization of $14.20 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.94 and a beta of 1.44.
Masco (NYSE:MAS) last announced its earnings results on Tuesday, February 11th. The construction company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. Masco had a return on equity of 1,500.49% and a net margin of 8.27%. The business had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, research analysts anticipate that Masco Corp will post 2.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, January 10th were given a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, January 9th. Masco’s payout ratio is 21.60%.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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