Rovin Capital UT ADV Sells 1,127 Shares of Masco Co. (NYSE:MAS)

Rovin Capital UT ADV lowered its stake in Masco Co. (NYSE:MAS) by 23.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,696 shares of the construction company’s stock after selling 1,127 shares during the quarter. Rovin Capital UT ADV’s holdings in Masco were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. ORG Wealth Partners LLC bought a new position in shares of Masco in the fourth quarter worth $27,000. Capital Performance Advisors LLP bought a new position in Masco in the 3rd quarter worth about $38,000. Ashton Thomas Securities LLC bought a new stake in shares of Masco during the 3rd quarter valued at about $43,000. Venturi Wealth Management LLC grew its holdings in shares of Masco by 59.4% during the third quarter. Venturi Wealth Management LLC now owns 596 shares of the construction company’s stock worth $50,000 after purchasing an additional 222 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Masco by 86.4% in the third quarter. Covestor Ltd now owns 673 shares of the construction company’s stock worth $57,000 after purchasing an additional 312 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Loop Capital lifted their price target on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on shares of Masco from $82.00 to $77.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Masco from $80.00 to $83.50 and gave the company a “neutral” rating in a research report on Tuesday, November 5th. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday, December 17th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average price target of $86.27.

Masco Stock Performance

NYSE:MAS opened at $77.54 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.83 and a debt-to-equity ratio of 20.74. The firm’s fifty day simple moving average is $76.90 and its 200 day simple moving average is $77.45. The stock has a market cap of $16.73 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. Masco Co. has a twelve month low of $63.81 and a twelve month high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, October 29th. The construction company reported $1.08 EPS for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.00 earnings per share. Masco’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts predict that Masco Co. will post 4.09 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. The ex-dividend date was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

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.