Summit Trail Advisors LLC Boosts Stock Position in Masco Co. (NYSE:MAS)

Summit Trail Advisors LLC grew its stake in shares of Masco Co. (NYSE:MAS) by 64.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,455 shares of the construction company’s stock after buying an additional 4,893 shares during the quarter. Summit Trail Advisors LLC’s holdings in Masco were worth $830,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in shares of Masco during the 1st quarter worth approximately $25,000. Innealta Capital LLC bought a new stake in shares of Masco in the 2nd quarter worth $25,000. Versant Capital Management Inc increased 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 worth $28,000 after buying an additional 136 shares in the last quarter. Family Firm Inc. bought a new position in Masco during the second quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV lifted its holdings in shares of Masco by 46.0% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after buying an additional 179 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

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

Analysts Set New Price Targets

Several analysts have issued reports on the company. Citigroup cut their price target on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Truist Financial boosted their price target on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Barclays upped their price target 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. Royal Bank of Canada lifted their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Finally, 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 research note on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Trading Down 1.4 %

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

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 earnings per share. Equities research analysts predict that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Dividend Announcement

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

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.