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

Acadian Asset Management LLC grew its position in Masco Co. (NYSE:MAS) by 66.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,823,934 shares of the construction company’s stock after acquiring an additional 728,690 shares during the period. Acadian Asset Management LLC’s holdings in Masco were worth $121,581,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MAS. Vanguard Group Inc. raised its stake in Masco by 2.8% in the first quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after buying an additional 721,117 shares in the last quarter. Harris Associates L P raised its position in shares of Masco by 1.5% during the 4th quarter. Harris Associates L P now owns 9,769,194 shares of the construction company’s stock worth $654,341,000 after acquiring an additional 140,334 shares in the last quarter. Boston Partners lifted its stake in Masco by 1.8% during the fourth quarter. Boston Partners now owns 9,180,364 shares of the construction company’s stock worth $615,282,000 after purchasing an additional 159,052 shares during the last quarter. Van ECK Associates Corp lifted its stake in Masco by 0.3% during the second quarter. Van ECK Associates Corp now owns 2,924,621 shares of the construction company’s stock worth $194,985,000 after purchasing an additional 9,094 shares during the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in Masco by 10.0% in the second quarter. Impax Asset Management Group plc now owns 2,855,056 shares of the construction company’s stock valued at $190,347,000 after purchasing an additional 259,205 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets boosted their price objective on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Robert W. Baird boosted their price target on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays boosted their target price on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, Royal Bank of Canada raised their price target on Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $77.58.

Masco Trading Down 0.0 %

NYSE:MAS opened at $77.22 on Friday. Masco Co. has a 12-month low of $47.66 and a 12-month high of $81.91. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The stock’s 50 day simple moving average is $73.90 and its 200-day simple moving average is $72.78. The firm has a market cap of $17.01 billion, a P/E ratio of 18.93, a PEG ratio of 2.50 and a beta of 1.24.

Masco (NYSE:MAS) last announced its quarterly earnings data 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. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the previous year, the company posted $1.19 EPS. Masco’s revenue was down 1.7% compared to the same quarter last year. Equities analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued 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 dividend payout ratio is currently 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.