Liberty Wealth Management LLC Takes $935,000 Position in Masco Co. (NYSE:MAS)

Liberty Wealth Management LLC acquired a new position in shares of Masco Co. (NYSE:MAS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 14,026 shares of the construction company’s stock, valued at approximately $935,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAS. Choreo LLC bought a new position in Masco during the 2nd quarter worth approximately $422,000. Ballentine Partners LLC raised its stake in Masco by 4.3% during the second quarter. Ballentine Partners LLC now owns 5,748 shares of the construction company’s stock worth $383,000 after buying an additional 235 shares during the last quarter. Caprock Group LLC acquired a new position in Masco in the second quarter valued at $1,179,000. Acadian Asset Management LLC boosted its position in Masco by 66.5% during the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock valued at $121,581,000 after acquiring an additional 728,690 shares during the last quarter. Finally, Oxbow Advisors LLC boosted its position in Masco by 955.7% during the second quarter. Oxbow Advisors LLC now owns 40,233 shares of the construction company’s stock valued at $2,682,000 after acquiring an additional 36,422 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Up 0.1 %

Shares of MAS opened at $77.33 on Tuesday. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $81.91. The business has a 50-day moving average of $74.15 and a 200 day moving average of $72.80. The firm has a market cap of $16.88 billion, a P/E ratio of 18.95, a price-to-earnings-growth ratio of 2.42 and a beta of 1.24. 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 (NYSE:MAS) last posted its quarterly earnings results 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 company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. As a group, research analysts forecast that Masco Co. will post 4.11 EPS 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 issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is currently 28.43%.

Analyst Ratings Changes

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