Oxbow Advisors LLC Buys 36,422 Shares of Masco Co. (NYSE:MAS)

Oxbow Advisors LLC increased its stake in shares of Masco Co. (NYSE:MAS) by 955.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,233 shares of the construction company’s stock after buying an additional 36,422 shares during the quarter. Oxbow Advisors LLC’s holdings in Masco were worth $2,682,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. New Covenant Trust Company N.A. acquired a new position in Masco during the first quarter worth $25,000. Innealta Capital LLC acquired a new stake in shares of Masco during the 2nd quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of Masco by 62.4% during 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. Family Firm Inc. bought a new position in Masco during the 2nd quarter valued at about $30,000. Finally, Massmutual Trust Co. FSB ADV boosted its position in Masco by 46.0% in the second 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 in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Robert W. Baird raised their price objective on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. BMO Capital Markets raised their price target on Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Truist Financial boosted their price objective on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Citigroup lowered their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Jefferies Financial Group lifted their price target on Masco from $83.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

Masco Trading Down 0.0 %

NYSE:MAS traded down $0.02 on Friday, hitting $77.22. 1,446,726 shares of the stock were exchanged, compared to its average volume of 1,899,495. 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 Co. has a 52 week low of $47.66 and a 52 week high of $81.91. The stock has a market capitalization of $17.01 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.50 and a beta of 1.24. The company’s 50-day moving average price is $73.90 and its 200 day moving average price is $72.79.

Masco (NYSE:MAS) last posted 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 business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the previous year, the firm posted $1.19 earnings per share. Masco’s revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts forecast that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.50%. Masco’s dividend payout ratio is currently 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.