Aaron Wealth Advisors LLC Cuts Stock Holdings in Masco Corporation (NYSE:MAS)

Aaron Wealth Advisors LLC trimmed its holdings in shares of Masco Corporation (NYSE:MAS) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,112 shares of the construction company’s stock after selling 596 shares during the period. Aaron Wealth Advisors LLC’s holdings in Masco were worth $355,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its position in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management purchased a new stake in shares of Masco during the first quarter worth about $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco in the fourth quarter worth about $42,000. GeoWealth Management LLC grew its stake in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company’s stock worth $50,000 after purchasing an additional 322 shares during the last quarter. Finally, SRS Capital Advisors Inc. grew its stake in shares of Masco by 74.3% in the fourth quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company’s stock worth $56,000 after purchasing an additional 330 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Performance

Masco stock opened at $66.43 on Friday. The stock’s 50 day simple moving average is $63.32 and its two-hundred day simple moving average is $69.08. The stock has a market cap of $14.01 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.56 and a beta of 1.19. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. Masco’s dividend payout ratio is currently 33.88%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MAS. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Masco in a research note on Wednesday, May 28th. Robert W. Baird cut their target price on Masco from $72.00 to $70.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. UBS Group reissued a “buy” rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Royal Bank Of Canada cut their target price on Masco from $74.00 to $62.00 and set a “sector perform” rating on the stock in a research note on Thursday, April 24th. Finally, The Goldman Sachs Group cut their target price on Masco from $82.00 to $73.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $73.63.

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.