Public Employees Retirement System of Ohio cut its position in shares of Masco Co. (NYSE:MAS – Free Report) by 3.9% in the first quarter, Holdings Channel reports. The firm owned 135,741 shares of the construction company’s stock after selling 5,480 shares during the period. Public Employees Retirement System of Ohio’s holdings in Masco were worth $10,707,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the company. Versant Capital Management Inc grew its position in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in Masco by 70.1% in the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after purchasing an additional 178 shares in the last quarter. Larson Financial Group LLC increased its holdings in shares of Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after acquiring an additional 500 shares during the last quarter. Riverview Trust Co bought a new stake in Masco during the first quarter worth approximately $43,000. Finally, LRI Investments LLC acquired a new position in Masco during the first quarter valued at approximately $44,000. Institutional investors own 93.91% of the company’s stock.
Masco Price Performance
Shares of Masco stock traded up $0.20 during trading on Monday, hitting $77.65. 1,258,453 shares of the company’s stock traded hands, compared to its average volume of 1,972,597. The company has a market cap of $17.10 billion, a PE ratio of 19.08, a PEG ratio of 2.45 and a beta of 1.24. The firm’s fifty day moving average price is $68.78 and its 200 day moving average price is $71.30. Masco Co. has a twelve month low of $47.66 and a twelve month high of $78.94. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12.
Masco Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be issued a dividend of $0.29 per share. The ex-dividend date is Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.49%. Masco’s payout ratio is presently 28.43%.
Analyst Upgrades and Downgrades
MAS has been the subject of a number of recent analyst reports. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Loop Capital decreased their target price on Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Barclays upped their price target on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday. Robert W. Baird raised their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $75.77.
Read Our Latest Stock Report on MAS
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.
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