NBW Capital LLC Has $6.14 Million Position in Masco Co. (NYSE:MAS)

NBW Capital LLC trimmed its position in Masco Co. (NYSE:MAS) by 20.9% during the first quarter, Holdings Channel reports. The firm owned 77,896 shares of the construction company’s stock after selling 20,605 shares during the quarter. NBW Capital LLC’s holdings in Masco were worth $6,144,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Railway Pension Investments Ltd lifted its position in shares of Masco by 25.2% in the first quarter. Railway Pension Investments Ltd now owns 222,731 shares of the construction company’s stock valued at $17,569,000 after buying an additional 44,800 shares during the last quarter. Cetera Advisors LLC lifted its holdings in Masco by 42.0% during the 1st quarter. Cetera Advisors LLC now owns 11,832 shares of the construction company’s stock valued at $933,000 after purchasing an additional 3,497 shares during the last quarter. Cetera Investment Advisers boosted its position in Masco by 507.8% during the first quarter. Cetera Investment Advisers now owns 29,148 shares of the construction company’s stock worth $2,299,000 after purchasing an additional 24,352 shares during the period. PGGM Investments increased its holdings in shares of Masco by 56.0% in the first quarter. PGGM Investments now owns 147,335 shares of the construction company’s stock valued at $11,622,000 after purchasing an additional 52,889 shares during the last quarter. Finally, Northwest Bank & Trust Co raised its position in shares of Masco by 2.4% in the first quarter. Northwest Bank & Trust Co now owns 9,469 shares of the construction company’s stock valued at $747,000 after purchasing an additional 223 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MAS. Truist Financial upped their price target on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Evercore ISI dropped their price target on Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Royal Bank of Canada upped their price objective on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Citigroup reduced their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Finally, StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $77.58.

Masco Trading Down 1.2 %

Shares of NYSE:MAS traded down $0.95 during mid-day trading on Friday, reaching $74.97. 1,888,601 shares of the company’s stock were exchanged, compared to its average volume of 2,267,627. The firm 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 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 twelve month low of $47.66 and a twelve month high of $79.54. The business’s fifty day moving average price is $69.55 and its 200-day moving average price is $71.60.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) 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 firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the company earned $1.19 EPS. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, research analysts predict that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed 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 of this dividend is Friday, August 2nd. Masco’s dividend payout ratio (DPR) is 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.