Ritholtz Wealth Management Sells 173 Shares of Masco Co. (NYSE:MAS)

Ritholtz Wealth Management lessened its holdings in Masco Co. (NYSE:MAS) by 0.9% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,038 shares of the construction company’s stock after selling 173 shares during the period. Ritholtz Wealth Management’s holdings in Masco were worth $1,203,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAS. New Covenant Trust Company N.A. acquired a new position in shares of Masco in the 1st quarter worth approximately $25,000. Versant Capital Management Inc grew its position in Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock valued at $28,000 after acquiring an additional 136 shares during the period. Innealta Capital LLC acquired a new position in Masco during the second quarter worth $25,000. Venturi Wealth Management LLC lifted its holdings in shares of Masco by 70.1% during the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company’s stock valued at $34,000 after acquiring an additional 178 shares during the period. Finally, Family Firm Inc. acquired a new stake in shares of Masco in the 2nd quarter valued at $30,000. Institutional investors own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Truist Financial increased their target price on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Barclays raised their price objective on shares of Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. BMO Capital Markets boosted their target price on Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Robert W. Baird increased their price target on Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, Citigroup cut their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Moderate Buy” and an average price target of $77.58.

Masco Price Performance

Masco stock opened at $79.56 on Tuesday. The business’s 50-day simple moving average is $72.98 and its 200 day simple moving average is $72.66. 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 stock has a market cap of $17.36 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.50 and a beta of 1.24. Masco Co. has a 12-month low of $47.66 and a 12-month high of $81.91.

Masco (NYSE:MAS) last issued its earnings results 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. The company had revenue of $2.09 billion for 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%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. As a group, research analysts anticipate that Masco Co. will post 4.11 earnings per share 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 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is presently 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.