Masco Co. (NYSE:MAS) Shares Sold by Paralel Advisors LLC

Paralel Advisors LLC decreased its holdings in Masco Co. (NYSE:MAS) by 24.8% in the second quarter, Holdings Channel reports. The firm owned 28,930 shares of the construction company’s stock after selling 9,534 shares during the period. Paralel Advisors LLC’s holdings in Masco were worth $1,929,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Masco in the fourth quarter valued at about $122,144,000. Intech Investment Management LLC purchased a new position in shares of Masco in the 4th quarter valued at approximately $975,000. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Masco by 14.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after purchasing an additional 67,806 shares in the last quarter. Quantbot Technologies LP acquired a new position in Masco during the 1st quarter valued at approximately $1,903,000. Finally, Manning & Napier Advisors LLC purchased a new position in shares of Masco in the second quarter worth $82,363,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS traded down $0.02 during trading hours on Friday, hitting $77.22. The stock had a trading volume of 1,446,726 shares, compared to its average volume of 1,899,495. The firm has a 50-day moving average price of $73.90 and a 200 day moving average price of $72.78. The firm has a market capitalization of $17.01 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 2.50 and a beta of 1.24. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $81.91. 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 announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business’s revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. As a group, research analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MAS. BMO Capital Markets boosted their price objective on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a report on Wednesday, July 31st. Citigroup dropped their price target on Masco from $73.00 to $66.00 and set a “neutral” rating on the stock in a research note on Thursday, July 11th. Truist Financial increased their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Barclays lifted their target price on Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada increased 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. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from 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.