MBB Public Markets I LLC Takes $1.11 Million Position in Masco Co. (NYSE:MAS)

MBB Public Markets I LLC acquired a new stake in shares of Masco Co. (NYSE:MAS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 16,700 shares of the construction company’s stock, valued at approximately $1,113,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Masco by 14.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock valued at $42,245,000 after buying an additional 67,806 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Masco during the 1st quarter valued at $1,903,000. Manning & Napier Advisors LLC bought a new position in shares of Masco during the 2nd quarter valued at $82,363,000. Vanguard Group Inc. grew its holdings in shares of Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the last quarter. Finally, Harris Associates L P grew its holdings in shares of Masco by 1.5% during the 4th quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock valued at $654,341,000 after purchasing an additional 140,334 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of Masco 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 sale, the vice president now owns 36,980 shares of the company’s stock, valued at approximately $2,896,273.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MAS shares. StockNews.com raised shares of Masco from a “hold” rating to a “buy” rating in a report on Monday. Robert W. Baird increased their target price on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Truist Financial increased 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. Jefferies Financial Group increased their target price on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays raised their price target on shares of Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Trading Up 0.4 %

Shares of MAS opened at $83.94 on Tuesday. The firm’s 50-day moving average price is $77.95 and its 200-day moving average price is $73.37. The firm has a market capitalization of $18.49 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.59 and a beta of 1.24. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco Co. has a 1-year low of $47.66 and a 1-year high of $84.37.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for 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 company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 EPS. Sell-side analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, August 2nd. 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.