Trivant Custom Portfolio Group LLC Sells 521 Shares of Masco Co. (NYSE:MAS)

Trivant Custom Portfolio Group LLC trimmed its holdings in shares of Masco Co. (NYSE:MAS) by 6.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,251 shares of the construction company’s stock after selling 521 shares during the quarter. Trivant Custom Portfolio Group LLC’s holdings in Masco were worth $572,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MAS. Versant Capital Management Inc boosted its position in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares during the period. Riverview Trust Co bought a new position in shares of Masco in the first quarter worth approximately $43,000. Union Savings Bank boosted its position in shares of Masco by 91.7% in the fourth quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after purchasing an additional 275 shares during the period. Fortitude Family Office LLC bought a new position in shares of Masco in the fourth quarter worth approximately $39,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Masco in the fourth quarter worth approximately $44,000. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

MAS traded up $0.27 during trading on Friday, reaching $66.67. 2,824,631 shares of the company’s stock were exchanged, compared to its average volume of 1,744,989. Masco Co. has a 1 year low of $47.66 and a 1 year high of $78.94. 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 market capitalization of $14.68 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27. The company’s fifty day simple moving average is $69.13 and its 200-day simple moving average is $70.90.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The business had revenue of $1.93 billion for 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%. The business’s revenue was down 2.7% on a year-over-year basis. During the same quarter last year, the company earned $0.87 EPS. As a group, research analysts predict that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 10th. Investors of record on Friday, May 24th were paid a $0.29 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.16 dividend on an annualized basis and a yield of 1.74%. Masco’s dividend payout ratio is currently 28.43%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their target price on shares of Masco from $79.00 to $80.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Loop Capital decreased their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Evercore ISI decreased their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research note on Thursday, April 25th. Finally, Citigroup upped their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Masco has an average rating of “Moderate Buy” and an average price target of $72.15.

About Masco

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.