Masco Co. (NYSE:MAS) Position Reduced by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. trimmed its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 82.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,862 shares of the construction company's stock after selling 36,422 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Masco were worth $524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new stake in shares of Masco in the 1st quarter worth approximately $25,000. Versant Capital Management Inc increased its holdings in shares of Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock valued at $28,000 after acquiring an additional 136 shares during the period. Venturi Wealth Management LLC raised its position in shares of Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company's stock worth $34,000 after acquiring an additional 178 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 worth $40,000 after purchasing an additional 500 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in Masco during the first quarter valued at about $43,000. Institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of Masco from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Barclays lifted their price target on shares of Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. BMO Capital Markets upped their target price on Masco from $75.00 to $78.00 and gave the company a "market perform" rating in a research report on Wednesday, July 31st. Loop Capital lowered their price target on Masco from $79.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, April 25th. Finally, Jefferies Financial Group increased their price objective on Masco from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Masco has an average rating of "Moderate Buy" and an average target price of $77.58.

Masco Price Performance

MAS traded down $0.57 during trading on Thursday, reaching $77.75. The company's stock had a trading volume of 1,116,162 shares, compared to its average volume of 1,938,146. The firm has a fifty day simple moving average of $71.32 and a two-hundred day simple moving average of $72.23. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 2.39 and a beta of 1.24. 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.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same quarter in the previous year, the firm earned $1.19 EPS. The company's quarterly revenue was down 1.7% compared to the same quarter last year. As a group, analysts anticipate that Masco Co. will post 4.1 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were paid a $0.29 dividend. The ex-dividend date was Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.49%. Masco's dividend payout ratio (DPR) is 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.