Diversified Trust Co Has $5.37 Million Position in Masco Co. (NYSE:MAS)

Diversified Trust Co reduced its position in shares of Masco Co. (NYSE:MAS) by 4.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 68,045 shares of the construction company’s stock after selling 3,033 shares during the quarter. Diversified Trust Co’s holdings in Masco were worth $5,367,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of MAS. Versant Capital Management Inc boosted its position in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the period. Fortitude Family Office LLC acquired a new position in shares of Masco during the fourth quarter worth about $39,000. Union Savings Bank boosted its position in shares of Masco by 91.7% during the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after buying an additional 275 shares during the period. Riverview Trust Co bought a new stake in Masco during the first quarter worth about $43,000. Finally, Bruce G. Allen Investments LLC bought a new stake in Masco during the fourth quarter worth about $44,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Masco Stock Performance

Shares of Masco stock traded down $1.35 on Monday, hitting $65.32. The stock had a trading volume of 277,606 shares, compared to its average volume of 1,916,540. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The business’s 50 day moving average is $69.13 and its two-hundred day moving average is $70.93. 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 stock has a market cap of $14.39 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.75 and a beta of 1.27.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Masco had a return on equity of 865.37% and a net margin of 11.60%. The company had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business earned $0.87 earnings per share. The firm’s revenue for the quarter was down 2.7% on a year-over-year basis. Analysts forecast that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Thursday, May 23rd. Masco’s dividend payout ratio is currently 28.43%.

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.