Quest Partners LLC Has $967,000 Stake in Masco Co. (NYSE:MAS)

Quest Partners LLC decreased its stake in shares of Masco Co. (NYSE:MAS) by 42.8% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,502 shares of the construction company’s stock after selling 10,856 shares during the period. Quest Partners LLC’s holdings in Masco were worth $967,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MAS. Norges Bank acquired a new stake in shares of Masco during the 4th quarter worth approximately $122,144,000. Manning & Napier Advisors LLC acquired a new stake in Masco in the 2nd quarter valued at $82,363,000. Confluence Investment Management LLC acquired a new stake in Masco in the 1st quarter valued at $78,181,000. Acadian Asset Management LLC grew its position in Masco by 66.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company’s stock valued at $121,581,000 after purchasing an additional 728,690 shares during the period. Finally, Vanguard Group Inc. grew its position in Masco by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company’s stock valued at $2,074,591,000 after purchasing an additional 721,117 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAS. BMO Capital Markets lifted their price target on shares of Masco from $75.00 to $78.00 and gave the company a “market perform” rating in a research report on Wednesday, July 31st. Jefferies Financial Group lifted their price target on shares of 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 price target on shares of Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Robert W. Baird lifted their price target 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, Barclays lifted their price target on shares of Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.58.

Masco Trading Up 1.3 %

NYSE MAS opened at $78.33 on Wednesday. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.42 and a beta of 1.24. Masco Co. has a one year low of $47.66 and a one year high of $81.91. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. The business’s fifty day moving average is $74.42 and its 200-day moving average is $72.82.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 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 return on equity of 602.39% and a net margin of 11.59%. The business’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.19 EPS. Equities research analysts predict that Masco Co. will post 4.11 EPS 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s payout ratio is 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.