Mackay Shields LLC cut its holdings in shares of Masco Corp (NYSE:MAS) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,252 shares of the construction company’s stock after selling 2,697 shares during the period. Mackay Shields LLC’s holdings in Masco were worth $1,880,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Dupont Capital Management Corp increased its stake in Masco by 61.3% during the first quarter. Dupont Capital Management Corp now owns 3,909 shares of the construction company’s stock worth $158,000 after purchasing an additional 1,486 shares during the period. Adviser Investments LLC purchased a new stake in Masco during the first quarter worth about $181,000. Capital Investment Advisors LLC purchased a new stake in Masco during the second quarter worth about $202,000. Moors & Cabot Inc. purchased a new stake in Masco during the first quarter worth about $226,000. Finally, Leisure Capital Management purchased a new stake in Masco during the first quarter worth about $255,000. Institutional investors own 87.11% of the company’s stock.

Shares of Masco stock opened at $38.92 on Friday. Masco Corp has a one year low of $35.79 and a one year high of $46.44. The stock has a market cap of $12.07 billion, a PE ratio of 20.06, a P/E/G ratio of 1.06 and a beta of 1.50. The company has a debt-to-equity ratio of 23.57, a current ratio of 1.67 and a quick ratio of 1.10.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, July 31st. The construction company reported $0.75 EPS for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.02). Masco had a return on equity of 490.27% and a net margin of 7.41%. The company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.29 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. sell-side analysts predict that Masco Corp will post 2.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Friday, July 13th were given a dividend of $0.105 per share. This represents a $0.42 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Thursday, July 12th. Masco’s dividend payout ratio is presently 21.65%.

A number of analysts have issued reports on MAS shares. Wells Fargo & Co upgraded shares of Masco from a “market perform” rating to an “outperform” rating and set a $45.00 price target on the stock in a research note on Monday, May 14th. Bank of America lowered shares of Masco from a “buy” rating to a “neutral” rating and cut their price target for the stock from $46.45 to $35.79 in a research note on Monday, May 14th. ValuEngine lowered shares of Masco from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. Citigroup upgraded shares of Masco from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Tuesday, June 19th. Finally, Zacks Investment Research downgraded Masco from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $45.76.

In related news, insider Joseph B. Gross sold 1,286 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The stock was sold at an average price of $39.91, for a total value of $51,324.26. Following the completion of the transaction, the insider now directly owns 48,740 shares of the company’s stock, valued at $1,945,213.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John G. Sznewajs sold 96,869 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.95, for a total value of $3,773,047.55. Following the completion of the transaction, the chief financial officer now directly owns 237,578 shares of the company’s stock, valued at $9,253,663.10. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

About Masco

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. Its Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower enclosures, toilets, acrylic tubs, shower trays, spas products, exercise pools, brass and copper plumbing system components, and other non-decorative plumbing products.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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