Trust Co. of Virginia VA Trims Position in Masco Co. (NYSE:MAS)

Trust Co. of Virginia VA lessened its stake in shares of Masco Co. (NYSE:MAS) by 3.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 141,757 shares of the construction company’s stock after selling 5,154 shares during the period. Trust Co. of Virginia VA owned 0.06% of Masco worth $11,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in 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 buying an additional 136 shares during the period. Ballentine Partners LLC raised its holdings in Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock valued at $435,000 after buying an additional 137 shares during the period. Wedmont Private Capital raised its holdings in Masco by 4.4% in the 1st quarter. Wedmont Private Capital now owns 4,246 shares of the construction company’s stock valued at $326,000 after buying an additional 178 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Masco by 2.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 6,619 shares of the construction company’s stock valued at $354,000 after buying an additional 180 shares during the period. Finally, Lindbrook Capital LLC grew its position in Masco by 19.5% in the 4th quarter. Lindbrook Capital LLC now owns 1,115 shares of the construction company’s stock valued at $75,000 after acquiring an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.4 %

MAS traded up $0.27 on Friday, reaching $66.67. The company’s stock had a trading volume of 2,824,631 shares, compared to its average volume of 1,744,989. The stock has a 50 day moving average of $69.13 and a two-hundred day moving average of $70.85. The company has a quick ratio of 1.09, a current ratio of 1.74 and a debt-to-equity ratio of 18.76. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 16.34, a P/E/G ratio of 1.74 and a beta of 1.27. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $78.94.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The firm had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 865.37% and a net margin of 11.60%. The firm’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.87 earnings per share. As a group, analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.