Masco Co. (NYSE:MAS) Shares Sold by NBW Capital LLC

NBW Capital LLC lowered its position in shares of Masco Co. (NYSE:MAS) by 20.9% in the first quarter, according to the company in its most recent filing with the SEC. 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 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Railway Pension Investments Ltd increased its holdings in Masco by 25.2% in the 1st quarter. Railway Pension Investments Ltd now owns 222,731 shares of the construction company’s stock worth $17,569,000 after buying an additional 44,800 shares during the period. Cetera Advisors LLC increased its stake in shares of Masco by 42.0% in the first quarter. Cetera Advisors LLC now owns 11,832 shares of the construction company’s stock worth $933,000 after acquiring an additional 3,497 shares during the period. Cetera Investment Advisers raised its holdings in shares of 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 last quarter. PGGM Investments lifted its position in Masco by 56.0% during 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 period. Finally, Northwest Bank & Trust Co boosted its holdings in 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 last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Down 1.2 %

NYSE:MAS traded down $0.95 during trading hours on Friday, hitting $74.97. The company had a trading volume of 1,888,601 shares, compared to its average volume of 2,267,627. Masco Co. has a 1 year low of $47.66 and a 1 year high of $79.54. The company has a market cap of $16.36 billion, a P/E ratio of 18.38, a P/E/G ratio of 2.39 and a beta of 1.24. The company has a 50-day moving average of $69.55 and a 200 day moving average of $71.60. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18.

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 analysts’ consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion during 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%. Masco’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. Sell-side analysts expect that Masco Co. will post 4.1 earnings per share for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Friday, August 2nd will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.55%. Masco’s dividend payout ratio is currently 28.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MAS. BMO Capital Markets upped their target price on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday. Robert W. Baird boosted their target price on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. StockNews.com lowered shares of Masco from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. Truist Financial raised 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. Finally, Royal Bank of Canada increased their target price on Masco from $78.00 to $79.00 and gave the company an “outperform” 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. Based on data from MarketBeat.com, the company presently has an average 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.