Masco Co. (NYSE:MAS) Shares Acquired by Candriam S.C.A.

Candriam S.C.A. increased its stake in shares of Masco Co. (NYSE:MAS) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,712 shares of the construction company’s stock after purchasing an additional 2,865 shares during the period. Candriam S.C.A.’s holdings in Masco were worth $2,114,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Versant Capital Management Inc lifted its stake in shares of Masco by 62.4% in the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company’s stock worth $28,000 after buying an additional 136 shares in the last quarter. Ballentine Partners LLC lifted its stake in Masco by 2.5% in the 1st quarter. Ballentine Partners LLC now owns 5,513 shares of the construction company’s stock worth $435,000 after purchasing an additional 137 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Masco by 3.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,127 shares of the construction company’s stock worth $275,000 after purchasing an additional 142 shares during the last quarter. BOKF NA grew its position in shares of Masco by 2.5% in the first quarter. BOKF NA now owns 6,178 shares of the construction company’s stock valued at $480,000 after purchasing an additional 149 shares in the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of Masco by 1.8% in the first quarter. Blair William & Co. IL now owns 9,516 shares of the construction company’s stock valued at $751,000 after purchasing an additional 165 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MAS has been the subject of several analyst reports. Robert W. Baird upped their target price on Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report 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 report on Wednesday, July 17th. Royal Bank of Canada lifted their target price 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. Citigroup dropped their price target on shares of Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Finally, Truist Financial upped their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a report on Friday, July 26th. Seven 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 stock has an average rating of “Moderate Buy” and an average target price of $77.58.

Masco Trading Up 1.3 %

Shares of NYSE MAS opened at $78.33 on Wednesday. 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 has a market capitalization of $17.10 billion, a PE ratio of 19.20, a PEG ratio of 2.42 and a beta of 1.24. Masco Co. has a twelve month low of $47.66 and a twelve month high of $81.91. The stock has a fifty day simple moving average of $74.42 and a 200-day simple moving average of $72.82.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.02. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. Masco’s revenue was down 1.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.19 EPS. On average, equities analysts forecast 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. Shareholders of record on Friday, August 2nd were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.48%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Masco 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.