Sky Investment Group LLC Has $2.34 Million Stake in Masco Co. (NYSE:MAS)

Sky Investment Group LLC trimmed its stake in shares of Masco Co. (NYSE:MAS) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,655 shares of the construction company’s stock after selling 200 shares during the period. Sky Investment Group LLC’s holdings in Masco were worth $2,340,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. Golden State Wealth Management LLC bought a new stake in shares of Masco during the fourth quarter worth approximately $27,000. Kestra Investment Management LLC bought a new stake in shares of Masco during the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco during the fourth quarter worth approximately $42,000. GeoWealth Management LLC raised its stake in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after buying an additional 322 shares during the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Masco by 74.3% during the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock worth $56,000 after buying an additional 330 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 0.1%

Shares of MAS stock opened at $63.79 on Friday. The firm has a fifty day moving average of $62.64 and a 200-day moving average of $70.79. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a market capitalization of $13.46 billion, a price-to-earnings ratio of 16.97, a P/E/G ratio of 1.94 and a beta of 1.19.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 838.32% and a net margin of 10.50%. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the company earned $0.93 EPS. The firm’s revenue was down 6.5% on a year-over-year basis. As a group, equities research analysts predict that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend was Friday, May 23rd. Masco’s dividend payout ratio is 33.88%.

Analyst Ratings Changes

A number of research firms recently weighed in on MAS. Barclays set a $71.00 price target on shares of Masco and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Loop Capital set a $62.00 target price on shares of Masco and gave the company a “hold” rating in a research note on Thursday, April 24th. Wall Street Zen downgraded shares of Masco from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Robert W. Baird lowered their target price on shares of Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. Finally, Evercore ISI lowered 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 note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $73.63.

Masco 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.