Masco Co. (NYSE:MAS) Stake Decreased by KRS Capital Management LLC

KRS Capital Management LLC trimmed its holdings in Masco Co. (NYSE:MAS) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,691 shares of the construction company’s stock after selling 498 shares during the quarter. KRS Capital Management LLC’s holdings in Masco were worth $486,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. ORG Wealth Partners LLC bought a new stake in shares of Masco during the 4th quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in shares of Masco in the 3rd quarter valued at about $38,000. Ashton Thomas Securities LLC purchased a new stake in Masco in the 3rd quarter worth approximately $43,000. Venturi Wealth Management LLC boosted its position in Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock valued at $50,000 after purchasing an additional 222 shares during the last quarter. Finally, Covestor Ltd grew its stake in shares of Masco by 86.4% in the 3rd quarter. Covestor Ltd now owns 673 shares of the construction company’s stock valued at $57,000 after buying an additional 312 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock traded up $0.74 on Friday, reaching $78.29. The stock had a trading volume of 1,659,219 shares, compared to its average volume of 1,051,616. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm’s 50-day moving average is $76.79 and its two-hundred day moving average is $77.54. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 20.82, a P/E/G ratio of 2.17 and a beta of 1.25. Masco Co. has a 12 month low of $63.81 and a 12 month high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, meeting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm earned $1.00 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, research analysts expect that Masco Co. will post 4.09 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio (DPR) is 30.85%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Oppenheimer raised Masco from a “market perform” rating to an “outperform” rating and set a $89.00 target price for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Masco from $80.00 to $83.50 and gave the stock a “neutral” rating in a report on Tuesday, November 5th. Wells Fargo & Company restated an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a report on Tuesday, December 17th. Royal Bank of Canada lowered Masco from an “outperform” rating to a “sector perform” rating and lifted their price objective for the stock from $79.00 to $80.00 in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded Masco from a “buy” rating to a “hold” rating and decreased their target price for the company from $96.00 to $89.00 in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.27.

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.