Signet Financial Management LLC Has $4.08 Million Stake in Masco Co. (NYSE:MAS)

Signet Financial Management LLC lifted its stake in shares of Masco Co. (NYSE:MAS) by 1.0% during the first quarter, Holdings Channel.com reports. The firm owned 51,683 shares of the construction company’s stock after buying an additional 517 shares during the period. Signet Financial Management LLC’s holdings in Masco were worth $4,077,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. Loop Capital lowered their target price on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, April 25th. Citigroup increased their price objective on shares of Masco from $74.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Royal Bank of Canada increased their price objective on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Finally, Evercore ISI lowered their price objective on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

Masco Stock Performance

MAS stock traded down $0.15 during trading hours on Thursday, reaching $66.17. The stock had a trading volume of 259,923 shares, compared to its average volume of 1,913,600. The stock has a market capitalization of $14.57 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.72 and a beta of 1.27. The company has a debt-to-equity ratio of 18.76, a current ratio of 1.74 and a quick ratio of 1.09. The stock has a 50-day simple moving average of $69.35 and a 200 day simple moving average of $70.86. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 11.60% and a return on equity of 865.37%. Masco’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS. Analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Friday, May 24th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, May 23rd. Masco’s dividend payout ratio is presently 28.43%.

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.