Rovin Capital UT ADV Has $268,000 Position in Masco Co. (NYSE:MAS)

Rovin Capital UT ADV trimmed its position in shares of Masco Co. (NYSE:MAS) by 23.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,696 shares of the construction company’s stock after selling 1,127 shares during the quarter. Rovin Capital UT ADV’s holdings in Masco were worth $268,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its holdings in shares of Masco by 23.1% during the fourth quarter. Park Avenue Securities LLC now owns 38,556 shares of the construction company’s stock worth $2,798,000 after purchasing an additional 7,242 shares during the period. Kathmere Capital Management LLC lifted its holdings in Masco by 13.0% during the 4th quarter. Kathmere Capital Management LLC now owns 3,990 shares of the construction company’s stock worth $290,000 after buying an additional 460 shares during the period. Oak Thistle LLC grew its position in shares of Masco by 133.5% in the 4th quarter. Oak Thistle LLC now owns 29,435 shares of the construction company’s stock valued at $2,136,000 after buying an additional 16,830 shares during the last quarter. Tealwood Asset Management Inc. increased its stake in shares of Masco by 0.8% in the fourth quarter. Tealwood Asset Management Inc. now owns 17,921 shares of the construction company’s stock valued at $1,301,000 after buying an additional 147 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Masco during the fourth quarter worth about $504,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAS shares. Robert W. Baird decreased their target price on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research report on Wednesday, October 30th. Oppenheimer upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price objective for the company in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a report on Tuesday, November 5th. Barclays cut their price target on shares of Masco from $93.00 to $84.00 and set an “overweight” rating on the stock in a research report on Thursday. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Masco currently has an average rating of “Hold” and a consensus price target of $86.27.

Masco Trading Up 0.6 %

Shares of Masco stock opened at $77.54 on Friday. The stock has a market capitalization of $16.73 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Masco Co. has a 52 week low of $63.81 and a 52 week high of $86.70. The stock has a 50 day moving average price of $76.90 and a two-hundred day moving average price of $77.45. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83.

Masco (NYSE:MAS) last posted its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share (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 business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the firm posted $1.00 EPS. Masco’s revenue was up .2% compared to the same quarter last year. As a group, equities analysts anticipate that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. Masco’s payout ratio is 30.85%.

Masco Company 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.