Stevens Capital Management LP trimmed its holdings in shares of Masco Corp (NYSE:MAS) by 55.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,947 shares of the construction company’s stock after selling 86,113 shares during the period. Stevens Capital Management LP’s holdings in Masco were worth $2,745,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC boosted its stake in shares of Masco by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 3,821,402 shares of the construction company’s stock valued at $111,533,000 after purchasing an additional 252,240 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Masco by 17.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,246,159 shares of the construction company’s stock valued at $36,436,000 after buying an additional 180,698 shares during the last quarter. American Century Companies Inc. boosted its position in Masco by 25.7% in the fourth quarter. American Century Companies Inc. now owns 19,236 shares of the construction company’s stock worth $562,000 after purchasing an additional 3,934 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Masco in the first quarter valued at $231,000. Finally, Raymond James Trust N.A. raised its stake in shares of Masco by 8.1% in the first quarter. Raymond James Trust N.A. now owns 7,909 shares of the construction company’s stock valued at $311,000 after buying an additional 594 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Masco stock traded up $0.21 during trading hours on Thursday, hitting $38.13. 12,765 shares of the company traded hands, compared to its average volume of 3,244,742. Masco Corp has a 1-year low of $27.03 and a 1-year high of $42.58. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 39.03. The firm’s 50-day moving average price is $39.36. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.63 and a beta of 1.44.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 25th. The construction company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Masco had a net margin of 8.77% and a return on equity of 792.80%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.75 earnings per share. Analysts anticipate that Masco Corp will post 2.66 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 12th. Investors of record on Friday, July 12th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Thursday, July 11th. Masco’s dividend payout ratio (DPR) is currently 19.20%.

Several brokerages have recently issued reports on MAS. Royal Bank of Canada set a $45.00 target price on Masco and gave the stock a “buy” rating in a research report on Friday, July 26th. Raymond James set a $50.00 price target on Masco and gave the company a “buy” rating in a report on Friday, July 26th. TheStreet cut Masco from a “b” rating to a “c+” rating in a research note on Friday, July 26th. Barclays set a $45.00 price target on Masco and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird set a $48.00 price objective on shares of Masco and gave the stock 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’s stock. Masco has a consensus rating of “Buy” and an average target price of $45.27.

Masco Company 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.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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