Masco Co. (NYSE:MAS) Shares Sold by Park Place Capital Corp

Park Place Capital Corp cut its position in Masco Co. (NYSE:MAS) by 34.5% in the second quarter, Holdings Channel reports. The firm owned 696 shares of the construction company’s stock after selling 366 shares during the period. Park Place Capital Corp’s holdings in Masco were worth $46,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Versant Capital Management Inc raised its stake in Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of Masco by 2.5% during the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after buying an additional 137 shares in the last quarter. BOKF NA raised its stake in shares of Masco by 2.5% during the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock worth $480,000 after buying an additional 149 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Masco by 1.8% during the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock worth $751,000 after buying an additional 165 shares in the last quarter. Finally, Patten & Patten Inc. TN raised its stake in shares of Masco by 1.6% during the 1st quarter. Patten & Patten Inc. TN now owns 10,618 shares of the construction company’s stock worth $838,000 after buying an additional 169 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Down 1.2 %

Shares of MAS stock traded down $0.95 during mid-day trading on Friday, hitting $74.97. 1,888,601 shares of the company’s stock were exchanged, compared to its average volume of 2,267,627. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $79.54. The stock has a 50-day simple moving average of $69.55 and a two-hundred day simple moving average of $71.63. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. Equities analysts expect that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 2nd will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, August 2nd. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MAS. Robert W. Baird increased their target price on Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Royal Bank of Canada upped their price target on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Loop Capital lowered their price target on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Evercore ISI lowered their price target on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. Finally, Jefferies Financial Group upped their price target on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

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.