Putnam FL Investment Management Co. Decreases Stake in Masco Corp (NYSE:MAS)

Putnam FL Investment Management Co. reduced its stake in Masco Corp (NYSE:MAS) by 2.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 38,775 shares of the construction company’s stock after selling 1,064 shares during the period. Putnam FL Investment Management Co.’s holdings in Masco were worth $1,522,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. ETF Managers Group LLC increased its holdings in shares of Masco by 8.2% during the 1st quarter. ETF Managers Group LLC now owns 3,570 shares of the construction company’s stock valued at $140,000 after purchasing an additional 272 shares in the last quarter. Avestar Capital LLC grew its stake in Masco by 7.3% in the 1st quarter. Avestar Capital LLC now owns 4,477 shares of the construction company’s stock valued at $156,000 after acquiring an additional 305 shares during the period. Advisor Partners LLC grew its stake in Masco by 3.7% in the 1st quarter. Advisor Partners LLC now owns 9,070 shares of the construction company’s stock valued at $357,000 after acquiring an additional 323 shares during the period. Great Valley Advisor Group Inc. grew its stake in Masco by 3.8% in the 1st quarter. Great Valley Advisor Group Inc. now owns 8,892 shares of the construction company’s stock valued at $350,000 after acquiring an additional 329 shares during the period. Finally, Boltwood Capital Management grew its stake in Masco by 3.9% in the 2nd quarter. Boltwood Capital Management now owns 9,317 shares of the construction company’s stock valued at $366,000 after acquiring an additional 350 shares during the period. 91.30% of the stock is owned by hedge funds and other institutional investors.

MAS has been the topic of a number of research analyst reports. Raymond James set a $50.00 price target on shares of Masco and gave the company a “buy” rating in a research note on Friday, July 26th. Zacks Investment Research raised shares of Masco from a “sell” rating to a “hold” rating and set a $44.00 price target on the stock in a research note on Monday, July 29th. Zelman & Associates raised shares of Masco from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Royal Bank of Canada set a $45.00 price target on shares of Masco and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, Robert W. Baird set a $48.00 price target on shares of Masco and gave the company a “buy” rating in a research note on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $45.27.

MAS traded down $0.88 on Wednesday, hitting $38.63. The company had a trading volume of 94,018 shares, compared to its average volume of 3,231,398. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.68 and a beta of 1.44. Masco Corp has a 1 year low of $27.03 and a 1 year high of $42.58. The stock’s fifty day simple moving average is $39.22. The company has a debt-to-equity ratio of 39.03, a quick ratio of 0.96 and a current ratio of 1.46.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.34 billion. Masco had a net margin of 8.77% and a return on equity of 792.80%. Masco’s revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. On average, equities research analysts predict that Masco Corp will post 2.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Investors of record on Friday, July 12th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $0.48 annualized dividend and a yield of 1.24%. Masco’s dividend payout ratio (DPR) is currently 19.20%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.

Read More: Trading signals using Bollinger bands

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corp (NYSE:MAS).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.