Creative Planning Has $3.47 Million Stock Holdings in Masco Co. (NYSE:MAS)

Creative Planning grew its stake in shares of Masco Co. (NYSE:MAS) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,092 shares of the construction company’s stock after purchasing an additional 726 shares during the period. Creative Planning’s holdings in Masco were worth $3,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in Masco during the 1st quarter worth approximately $25,000. Versant Capital Management Inc lifted its holdings in shares of 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 purchasing an additional 136 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Masco in the 2nd quarter worth $25,000. Family Firm Inc. acquired a new stake in Masco in the 2nd quarter valued at $30,000. Finally, Larson Financial Group LLC increased its stake in Masco by 4,545.5% during the 1st quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock valued at $40,000 after purchasing an additional 500 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective 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 lifted their price target on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group increased their price objective on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Barclays lifted their target price on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada upped their price target on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $77.58.

Insider Buying and Selling at Masco

In other news, VP Kenneth G. Cole sold 37,814 shares of the stock in a transaction on 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 owns 36,980 shares in the company, valued at approximately $2,896,273.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Masco Trading Down 0.9 %

NYSE MAS opened at $82.37 on Friday. The business’s fifty day moving average is $78.60 and its 200-day moving average is $73.57. 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 capitalization of $18.14 billion, a price-to-earnings ratio of 20.19, a PEG ratio of 2.59 and a beta of 1.24. Masco Co. has a one year low of $47.66 and a one year high of $84.69.

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

Masco Dividend Announcement

The company 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. 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 dividend payout ratio (DPR) is 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.