Amalgamated Bank Sells 3,168 Shares of Masco Co. (NYSE:MAS)

Amalgamated Bank lowered its holdings in shares of Masco Co. (NYSE:MAS) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,949 shares of the construction company’s stock after selling 3,168 shares during the period. Amalgamated Bank’s holdings in Masco were worth $3,930,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MAS. Versant Capital Management Inc increased its stake in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Ballentine Partners LLC raised its holdings in shares of 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 lifted its position in shares of Masco by 3.6% during 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 period. BOKF NA boosted its stake in Masco by 2.5% in 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 grew its position in Masco by 1.8% in the first quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock valued at $751,000 after acquiring an additional 165 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Down 1.4 %

Shares of NYSE:MAS opened at $82.11 on Monday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The stock has a market cap of $18.08 billion, a price-to-earnings ratio of 20.13, a P/E/G ratio of 2.45 and a beta of 1.24. The company has a 50 day moving average of $76.72 and a 200-day moving average of $73.05. Masco Co. has a one year low of $47.66 and a one year high of $83.56.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. On average, sell-side analysts forecast that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is 28.43%.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the company’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Barclays boosted their target price on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price target on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. BMO Capital Markets raised their price objective on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, Truist Financial raised their price target on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Masco has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

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.