HB Wealth Management LLC Buys 142 Shares of Masco Co. (NYSE:MAS)

HB Wealth Management LLC grew its position in Masco Co. (NYSE:MAS) by 3.6% in the second quarter, Holdings Channel reports. The fund owned 4,127 shares of the construction company’s stock after acquiring an additional 142 shares during the quarter. HB Wealth Management LLC’s holdings in Masco were worth $275,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MAS. 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 last quarter. Ballentine Partners LLC lifted its holdings in shares of Masco by 2.5% during the first quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after purchasing an additional 137 shares during the period. BOKF NA increased its holdings in Masco by 2.5% in the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after purchasing an additional 149 shares during the period. Blair William & Co. IL raised its position in Masco by 1.8% during the 1st quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock worth $751,000 after purchasing an additional 165 shares during the last quarter. Finally, Patten & Patten Inc. TN lifted its holdings in Masco by 1.6% during the 1st quarter. Patten & Patten Inc. TN now owns 10,618 shares of the construction company’s stock worth $838,000 after buying an additional 169 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com downgraded shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Jefferies Financial Group boosted their price target on shares of Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Citigroup decreased their price objective on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, Truist Financial boosted their target price on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Masco presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Stock Performance

Shares of Masco stock opened at $79.56 on Friday. The business has a 50-day simple moving average of $72.75 and a 200 day simple moving average of $72.62. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a one year low of $47.66 and a one year high of $81.91.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, research analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.46%. Masco’s payout ratio is 28.43%.

Masco Company 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.