Impax Asset Management Group plc Grows Stock Position in Masco Co. (NYSE:MAS)

Impax Asset Management Group plc boosted its holdings in shares of Masco Co. (NYSE:MAS) by 10.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,855,056 shares of the construction company’s stock after acquiring an additional 259,205 shares during the period. Impax Asset Management Group plc owned about 1.31% of Masco worth $190,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAS. International Assets Investment Management LLC grew its position in shares of Masco by 12,355.4% in the fourth quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company’s stock valued at $1,009,000 after purchasing an additional 14,950 shares during the last quarter. M&T Bank Corp grew its position in shares of Masco by 1.9% in the fourth quarter. M&T Bank Corp now owns 12,899 shares of the construction company’s stock valued at $864,000 after purchasing an additional 243 shares during the last quarter. National Bank of Canada FI grew its position in shares of Masco by 217.0% in the fourth quarter. National Bank of Canada FI now owns 162,830 shares of the construction company’s stock valued at $10,840,000 after purchasing an additional 111,469 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Masco by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,921,427 shares of the construction company’s stock valued at $128,697,000 after purchasing an additional 37,387 shares during the last quarter. Finally, Hills Bank & Trust Co grew its position in shares of Masco by 4.2% in the fourth quarter. Hills Bank & Trust Co now owns 16,758 shares of the construction company’s stock valued at $1,122,000 after purchasing an additional 676 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Up 2.0 %

NYSE:MAS traded up $1.57 during trading hours on Friday, reaching $78.81. 42,106 shares of the company were exchanged, compared to its average volume of 1,891,329. 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 firm has a market cap of $17.36 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 52-week low of $47.66 and a 52-week high of $81.91. The stock has a 50 day simple moving average of $73.69 and a 200 day simple moving average of $72.76.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating 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 business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the firm posted $1.19 EPS. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. As a group, analysts predict that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio is presently 28.43%.

Wall Street Analyst Weigh In

MAS has been the topic of several research reports. BMO Capital Markets increased their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Robert W. Baird upped their price objective 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. Jefferies Financial Group upped their price objective on shares of Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Truist Financial upped their price objective 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. Finally, Royal Bank of Canada upped their price objective on shares of Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

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.