Masco Co. (NYSE:MAS) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC raised its position in shares of Masco Co. (NYSE:MAS) by 66.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,823,934 shares of the construction company’s stock after acquiring an additional 728,690 shares during the quarter. Acadian Asset Management LLC owned approximately 0.84% of Masco worth $121,581,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new stake in shares of Masco in the first quarter valued at about $25,000. Innealta Capital LLC acquired a new stake in Masco in the 2nd quarter valued at about $25,000. Versant Capital Management Inc lifted its stake in Masco by 62.4% in the 1st quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after purchasing an additional 136 shares in the last quarter. Family Firm Inc. purchased a new stake in shares of Masco in the second quarter valued at approximately $30,000. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company’s stock valued at $38,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

NYSE MAS opened at $77.22 on Friday. The company has a market cap of $17.01 billion, a P/E ratio of 18.93, a P/E/G 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. 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 stock has a 50-day moving average of $73.90 and a two-hundred day moving average of $72.78.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for 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 firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.19 EPS. As a group, analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MAS shares. Barclays boosted their price objective on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their target price on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Royal Bank of Canada raised their price target on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Citigroup decreased their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Finally, Truist Financial lifted their target price on Masco from $81.00 to $84.00 and gave the company a “buy” 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 company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average 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.