Masco (NYSE:MAS) Stock Price Down 4.4%

Masco Co. (NYSE:MAS) fell 4.4% on Tuesday . The company traded as low as $65.04 and last traded at $65.09. 477,737 shares were traded during trading, a decline of 75% from the average session volume of 1,911,470 shares. The stock had previously closed at $68.09.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MAS shares. Evercore ISI lowered their target price on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Royal Bank of Canada increased their price objective on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Citigroup increased their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Loop Capital lowered their price objective on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, April 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Masco currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.15.

Masco Stock Performance

The business’s fifty day moving average is $69.35 and its 200-day moving average is $70.86. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The company has a market cap of $14.60 billion, a PE ratio of 16.25, a P/E/G ratio of 1.72 and a beta of 1.27.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.87 EPS. As a group, research analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were paid 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 dividend yield of 1.75%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Institutional Investors Weigh In On Masco

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MAS. Paralel Advisors LLC lifted its stake in shares of Masco by 1.1% during the 3rd quarter. Paralel Advisors LLC now owns 38,464 shares of the construction company’s stock valued at $2,056,000 after buying an additional 436 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Masco by 26.6% in the third quarter. LPL Financial LLC now owns 196,339 shares of the construction company’s stock worth $10,494,000 after acquiring an additional 41,270 shares during the period. Mariner LLC grew its position in shares of Masco by 0.4% during the third quarter. Mariner LLC now owns 67,795 shares of the construction company’s stock worth $3,624,000 after purchasing an additional 262 shares in the last quarter. Vinva Investment Management Ltd bought a new stake in Masco during the 3rd quarter valued at approximately $333,000. Finally, Treasurer of the State of North Carolina lifted its holdings in Masco by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 98,772 shares of the construction company’s stock worth $5,279,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

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.