Transcend Capital Advisors LLC Purchases 563 Shares of Masco Co. (NYSE:MAS)

Transcend Capital Advisors LLC boosted its position in Masco Co. (NYSE:MAS) by 8.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,880 shares of the construction company’s stock after acquiring an additional 563 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Masco were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new stake in shares of Masco during the first quarter worth $25,000. Versant Capital Management Inc grew its stake in shares of Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock worth $34,000 after buying an additional 178 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Masco by 4,545.5% during the first quarter. Larson Financial Group LLC now owns 511 shares of the construction company’s stock worth $40,000 after buying an additional 500 shares during the last quarter. Finally, Riverview Trust Co bought a new stake in shares of Masco during the first quarter worth $43,000. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 1.2 %

MAS traded down $0.95 during midday trading on Friday, hitting $74.97. The company had a trading volume of 1,888,601 shares, compared to its average volume of 2,267,627. Masco Co. has a 52 week low of $47.66 and a 52 week high of $79.54. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The company has a market capitalization of $16.36 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.39 and a beta of 1.24. The stock’s 50 day moving average price is $69.55 and its 200 day moving average price is $71.63.

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, beating the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The business’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 earnings per share. On average, research analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.55%. The ex-dividend date is Friday, August 2nd. Masco’s payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Royal Bank of Canada boosted their target price on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Robert W. Baird lifted their price target on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Evercore ISI cut their price target on shares of 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.