14,026 Shares in Masco Co. (NYSE:MAS) Acquired by Liberty Wealth Management LLC

Liberty Wealth Management LLC bought a new position in Masco Co. (NYSE:MAS) during the second quarter, Holdings Channel.com reports. The institutional investor bought 14,026 shares of the construction company’s stock, valued at approximately $935,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Masco in the fourth quarter worth approximately $122,144,000. Manning & Napier Advisors LLC bought a new position in shares of Masco in the 2nd quarter worth $82,363,000. Confluence Investment Management LLC purchased a new stake in shares of Masco during the 1st quarter valued at $78,181,000. Acadian Asset Management LLC grew its position in Masco by 66.5% in the second quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock worth $121,581,000 after acquiring an additional 728,690 shares in the last quarter. Finally, Vanguard Group Inc. increased 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 acquiring an additional 721,117 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

Masco stock opened at $77.33 on Tuesday. Masco Co. has a twelve month low of $47.66 and a twelve month high of $81.91. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The company has a market capitalization of $16.88 billion, a P/E ratio of 18.95, a PEG ratio of 2.42 and a beta of 1.24. The stock’s 50 day moving average is $74.15 and its 200 day moving average is $72.80.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. Masco’s revenue was down 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.19 EPS. On average, equities research analysts predict that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Royal Bank of Canada lifted their price target on shares of Masco from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Jefferies Financial Group boosted their price objective on Masco from $83.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Truist Financial lifted their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Robert W. Baird boosted their price objective 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. Finally, Citigroup dropped their target price on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus 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.