Rovin Capital UT ADV Sells 4,466 Shares of Masco Co. (NYSE:MAS)

Rovin Capital UT ADV lowered its stake in shares of Masco Co. (NYSE:MAS) by 46.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,088 shares of the construction company’s stock after selling 4,466 shares during the period. Rovin Capital UT ADV’s holdings in Masco were worth $339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. New Covenant Trust Company N.A. acquired a new stake in shares of Masco during the first quarter worth about $25,000. Versant Capital Management Inc raised its holdings in Masco by 62.4% during the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the period. Venturi Wealth Management LLC lifted its stake in Masco by 70.1% in the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after buying an additional 178 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares in the last quarter. Finally, Union Savings Bank boosted its holdings in shares of 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 buying an additional 275 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on MAS. StockNews.com cut shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Barclays boosted their target price on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Truist Financial lifted their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Finally, BMO Capital Markets boosted their target price on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $77.58.

Masco Price Performance

Shares of NYSE:MAS traded down $0.47 during trading on Friday, hitting $76.07. 1,195,967 shares of the company were exchanged, compared to its average volume of 1,957,662. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. Masco Co. has a 1-year low of $47.66 and a 1-year high of $79.54. The company has a market capitalization of $16.75 billion, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The business’s 50 day moving average is $70.76 and its 200-day moving average is $72.02.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. Equities analysts forecast that Masco Co. will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders 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 annualized dividend and a dividend yield of 1.52%. Masco’s dividend payout ratio is currently 28.43%.

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.