Massmutual Trust Co. FSB ADV Buys 179 Shares of Masco Co. (NYSE:MAS)

Massmutual Trust Co. FSB ADV raised its position in Masco Co. (NYSE:MAS) by 46.0% during the second quarter, Holdings Channel reports. The firm owned 568 shares of the construction company’s stock after purchasing 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 quarter.

A number of other institutional investors have also bought and sold shares of MAS. DAVENPORT & Co LLC boosted its holdings in shares of Masco by 3.2% during the 4th quarter. DAVENPORT & Co LLC now owns 6,499 shares of the construction company’s stock worth $435,000 after buying an additional 201 shares in the last quarter. Arizona State Retirement System raised its position in Masco by 0.7% in the 4th quarter. Arizona State Retirement System now owns 61,819 shares of the construction company’s stock valued at $4,141,000 after buying an additional 410 shares during the last quarter. Private Trust Co. NA lifted its position in shares of Masco by 11.2% during the fourth quarter. Private Trust Co. NA now owns 3,160 shares of the construction company’s stock valued at $212,000 after purchasing an additional 317 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Masco by 12,355.4% during the 4th quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company’s stock worth $1,009,000 after buying an additional 14,950 shares in the last quarter. Finally, New York State Teachers Retirement System boosted its position in Masco by 8.6% in the fourth quarter. New York State Teachers Retirement System now owns 229,507 shares of the construction company’s stock worth $15,372,000 after purchasing an additional 18,140 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Trading Up 0.6 %

Shares of Masco stock opened at $73.87 on Wednesday. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $79.54. 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 company has a market capitalization of $16.12 billion, a P/E ratio of 18.11, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a fifty day moving average of $69.77 and a 200 day moving average of $71.71.

Masco (NYSE:MAS) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.19 earnings per share. On average, sell-side analysts anticipate that Masco Co. will post 4.1 earnings per share for the current fiscal 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 given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.57%. Masco’s dividend payout ratio is currently 28.43%.

Analysts Set New Price Targets

MAS has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their target price on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Barclays upped their price target on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Citigroup lowered their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research report on Thursday, July 11th. Truist Financial upped their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price target on Masco from $84.00 to $88.00 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $77.58.

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.