Czech National Bank Increases Holdings in Masco Co. (NYSE:MAS)

Czech National Bank grew its holdings in shares of Masco Co. (NYSE:MAS) by 8.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,969 shares of the construction company’s stock after purchasing an additional 3,302 shares during the quarter. Czech National Bank’s holdings in Masco were worth $2,798,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Masco during the 1st quarter worth $25,000. Versant Capital Management Inc boosted its stake 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 purchasing an additional 136 shares during the period. Venturi Wealth Management LLC boosted its stake in Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after purchasing an additional 178 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in Masco by 46.0% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock worth $38,000 after purchasing an additional 179 shares during the period. Finally, Union Savings Bank boosted its stake in Masco by 91.7% in the 4th quarter. Union Savings Bank now owns 575 shares of the construction company’s stock worth $39,000 after purchasing an additional 275 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.6 %

Shares of NYSE MAS traded up $0.44 during mid-day trading on Monday, hitting $72.88. 261,928 shares of the stock traded hands, compared to its average volume of 1,957,722. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The stock has a fifty day moving average price of $70.00 and a 200-day moving average price of $71.82. Masco Co. has a 52 week low of $47.66 and a 52 week high of $79.54. The company has a market cap of $16.05 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS) last announced 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 company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. Research analysts anticipate that Masco Co. will post 4.1 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Friday, August 2nd will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.59%. The ex-dividend date is Friday, August 2nd. Masco’s dividend payout ratio is 28.43%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Royal Bank of Canada lifted their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. StockNews.com downgraded Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays raised their price objective on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Evercore ISI decreased their price objective on Masco from $75.00 to $74.00 and set an “in-line” rating on the stock in a report on Thursday, April 25th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.