3,500 Shares in Masco Co. (NYSE:MAS) Acquired by Covenant Partners LLC

Covenant Partners LLC bought a new position in shares of Masco Co. (NYSE:MASFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,500 shares of the construction company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Union Savings Bank increased its holdings in Masco by 91.7% during the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after acquiring an additional 275 shares during the period. Fortitude Family Office LLC bought a new stake in Masco during the 4th quarter worth approximately $39,000. Bruce G. Allen Investments LLC bought a new stake in Masco during the 4th quarter worth approximately $44,000. Northwest Financial Advisors bought a new stake in Masco during the 4th quarter worth approximately $69,000. Finally, VisionPoint Advisory Group LLC grew its stake in Masco by 70.6% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 1,051 shares of the construction company’s stock worth $56,000 after buying an additional 435 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Trading Down 1.9 %

NYSE:MAS traded down $1.31 during midday trading on Friday, reaching $69.14. 1,261,954 shares of the stock traded hands, compared to its average volume of 1,925,398. The company has a fifty day moving average of $70.48 and a 200 day moving average of $70.40. Masco Co. has a 12 month low of $47.66 and a 12 month high of $78.94. The company has a debt-to-equity ratio of 18.76, a quick ratio of 1.09 and a current ratio of 1.74. The stock has a market capitalization of $15.23 billion, a P/E ratio of 16.82, a PEG ratio of 1.81 and a beta of 1.27.

Masco (NYSE:MASGet Free Report) last posted its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the business posted $0.87 EPS. The firm’s revenue was down 2.7% compared to the same quarter last year. On average, research analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.68%. Masco’s dividend payout ratio is currently 28.43%.

Analyst Ratings Changes

A number of research firms have commented on MAS. Loop Capital cut their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Evercore ISI cut their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research note on Thursday, April 25th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. Finally, Citigroup boosted their price target on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

View Our Latest Research Report on Masco

Masco Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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