Masco Co. (NYSE:MAS) Shares Purchased by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV raised its position in Masco Co. (NYSE:MAS) by 46.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 568 shares of the construction company’s stock after acquiring an additional 179 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Masco were worth $38,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new stake in Masco in the fourth quarter valued at $627,000. Norges Bank acquired a new position in Masco in the 4th quarter valued at about $122,144,000. Intech Investment Management LLC purchased a new position in shares of Masco during the 4th quarter worth $975,000. Mitsubishi UFJ Trust & Banking Corp increased its stake 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 acquiring an additional 67,806 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Masco during the first quarter worth about $1,903,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

MAS stock opened at $73.87 on Wednesday. The company has a 50-day simple moving average of $69.77 and a 200 day simple moving average of $71.71. The company has a market capitalization of $16.12 billion, a P/E ratio of 18.11, a PEG ratio of 2.39 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $79.54.

Masco (NYSE:MAS) last issued its quarterly earnings results 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. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business posted $1.19 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. Sell-side analysts predict that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.57%. Masco’s dividend payout ratio (DPR) is 28.43%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MAS shares. Loop Capital cut their price target on Masco from $79.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, April 25th. Barclays raised their price objective on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Truist Financial boosted their target price on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Robert W. Baird raised their price target on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada boosted their price objective on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.