Park Place Capital Corp Sells 366 Shares of Masco Co. (NYSE:MAS)

Park Place Capital Corp cut its holdings in Masco Co. (NYSE:MAS) by 34.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 696 shares of the construction company’s stock after selling 366 shares during the period. Park Place Capital Corp’s holdings in Masco were worth $46,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MAS. Vanguard Group Inc. grew its holdings in Masco by 2.8% during the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the period. Harris Associates L P lifted its position in shares of Masco by 1.5% during the fourth quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock worth $654,341,000 after acquiring an additional 140,334 shares in the last quarter. Boston Partners lifted its position in shares of Masco by 1.8% during the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock worth $615,282,000 after acquiring an additional 159,052 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Masco by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 5,574,976 shares of the construction company’s stock worth $373,411,000 after acquiring an additional 254,040 shares in the last quarter. Finally, Earnest Partners LLC lifted its position in shares of Masco by 16.6% during the first quarter. Earnest Partners LLC now owns 2,245,644 shares of the construction company’s stock worth $177,136,000 after acquiring an additional 319,029 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Trading Down 1.2 %

Shares of NYSE:MAS traded down $0.95 on Friday, reaching $74.97. 1,888,601 shares of the company traded hands, compared to its average volume of 2,267,627. The business’s 50-day simple moving average is $69.55 and its 200 day simple moving average is $71.63. Masco Co. has a 52 week low of $47.66 and a 52 week high of $79.54. The stock has a market capitalization of $16.36 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.19 earnings per share. As a group, equities analysts anticipate that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 2nd will be paid a $0.29 dividend. The ex-dividend date is Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.55%. Masco’s payout ratio is presently 28.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Royal Bank of Canada increased their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets increased their price objective on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday. Jefferies Financial Group increased their price objective on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. StockNews.com downgraded 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 Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

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.