Masco Co. (NYSE:MAS) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in Masco Co. (NYSE:MAS) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,801 shares of the construction company’s stock after selling 783 shares during the period. Retirement Systems of Alabama’s holdings in Masco were worth $4,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of Masco by 38.5% in the second quarter. Blue Trust Inc. now owns 738 shares of the construction company’s stock valued at $49,000 after purchasing an additional 205 shares during the period. Secure Asset Management LLC acquired a new position in Masco in the 2nd quarter worth approximately $360,000. Family Firm Inc. purchased a new position in Masco during the 2nd quarter worth approximately $30,000. LRI Investments LLC lifted its stake in Masco by 850.8% during the 2nd quarter. LRI Investments LLC now owns 599 shares of the construction company’s stock valued at $40,000 after acquiring an additional 536 shares during the period. Finally, Cypress Capital Group purchased a new stake in shares of Masco in the 2nd quarter valued at $589,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $72.69 on Friday. The company has a debt-to-equity ratio of 20.74, a quick ratio of 1.21 and a current ratio of 1.83. The stock has a market capitalization of $15.68 billion, a PE ratio of 19.33, a P/E/G ratio of 2.57 and a beta of 1.23. Masco Co. has a fifty-two week low of $63.60 and a fifty-two week high of $86.70. The company has a fifty day moving average of $80.41 and a two-hundred day moving average of $76.66.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting the consensus estimate of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. As a group, research analysts forecast that Masco Co. will post 4.09 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s dividend payout ratio is presently 30.85%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a report on Tuesday, October 22nd. Truist Financial lifted their price objective on Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. UBS Group upped their target price on Masco from $89.00 to $94.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reiterated an “equal weight” rating and set a $85.00 price target (down from $92.00) on shares of Masco in a research report on Tuesday. Finally, Loop Capital upped their price objective on Masco from $76.00 to $87.00 and gave the stock a “hold” rating in a research report on Wednesday, October 30th. Ten analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $85.88.

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.