Impact Partnership Wealth LLC Buys New Stake in Masco Co. (NYSE:MAS)

Impact Partnership Wealth LLC bought a new stake in Masco Co. (NYSE:MAS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,212 shares of the construction company’s stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAS. Norges Bank bought a new stake in Masco in the fourth quarter worth $122,144,000. Intech Investment Management LLC bought a new stake in Masco in the fourth quarter worth $975,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after buying an additional 67,806 shares during the last quarter. Quantbot Technologies LP bought a new stake in Masco in the first quarter worth $1,903,000. Finally, Manning & Napier Advisors LLC bought a new stake in Masco in the second quarter worth $82,363,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

MAS stock opened at $77.24 on Friday. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The business has a 50-day moving average price of $73.69 and a 200 day moving average price of $72.76. The company has a market capitalization of $17.01 billion, a P/E ratio of 18.93, a PEG ratio of 2.50 and a beta of 1.24. Masco Co. has a 1-year low of $47.66 and a 1-year high of $81.91.

Masco (NYSE:MAS) last released its quarterly earnings data 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 return on equity of 602.39% and a net margin of 11.59%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 earnings per share. As a group, equities research analysts forecast that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.50%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of analyst reports. Barclays raised their price target on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. BMO Capital Markets lifted their target price on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Citigroup decreased their target price on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Royal Bank of Canada lifted their target price on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Jefferies Financial Group lifted their target price on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.