Montag A & Associates Inc. Reduces Position in Masco Co. (NYSE:MAS)

Montag A & Associates Inc. lowered its position in Masco Co. (NYSE:MAS) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 65,897 shares of the construction company’s stock after selling 4,826 shares during the quarter. Montag A & Associates Inc.’s holdings in Masco were worth $4,393,000 as of its most recent filing with the Securities and Exchange Commission.

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

Masco Stock Performance

MAS traded up $0.70 during trading hours on Friday, hitting $79.56. 1,285,485 shares of the stock were exchanged, compared to its average volume of 1,502,812. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a 12 month low of $47.66 and a 12 month high of $81.91. The stock has a 50-day simple moving average of $72.75 and a 200-day simple moving average of $72.62. The stock has a market cap of $17.36 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the previous year, the business posted $1.19 EPS. The company’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were paid a dividend of $0.29 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 1.46%. Masco’s payout ratio is currently 28.43%.

Wall Street Analyst Weigh In

MAS has been the subject of several recent research reports. Barclays increased their price target on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Citigroup decreased their price target on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Truist Financial lifted 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. Robert W. Baird upped 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. Finally, BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 31st. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Masco currently has an average 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.