Davidson Capital Management Inc. Raises Stock Position in Masco Co. (NYSE:MAS)

Davidson Capital Management Inc. boosted its position in Masco Co. (NYSE:MAS) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,939 shares of the construction company’s stock after purchasing an additional 275 shares during the quarter. Davidson Capital Management Inc.’s holdings in Masco were worth $2,663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares in the last quarter. Ballentine Partners LLC grew its stake in Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after buying an additional 137 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Masco by 3.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after buying an additional 142 shares during the last quarter. BOKF NA raised its position in shares of Masco by 2.5% during the 1st quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after buying an additional 149 shares in the last quarter. Finally, Blair William & Co. IL lifted its holdings in shares of 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 acquiring an additional 165 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Insider Transactions at Masco

In related news, VP Kenneth G. Cole sold 37,814 shares of the business’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at $2,896,273.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

Masco Stock Performance

Shares of NYSE:MAS opened at $83.24 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. Masco Co. has a 12 month low of $47.66 and a 12 month high of $83.56. The company has a 50-day moving average price of $76.21 and a 200-day moving average price of $73.00.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. During the same quarter last year, the business posted $1.19 EPS. The business’s revenue was down 1.7% on a year-over-year basis. As a group, equities analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.39%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. BMO Capital Markets raised their price target on Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Truist Financial upped their target price on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Royal Bank of Canada upped their price objective on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Finally, Barclays lifted their target price on shares of Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $77.58.

About Masco

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.