Hills Bank & Trust Co Increases Stock Position in Masco Co. (NYSE:MAS)

Hills Bank & Trust Co grew its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 20.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,519 shares of the construction company's stock after buying an additional 3,414 shares during the quarter. Hills Bank & Trust Co's holdings in Masco were worth $1,368,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in shares of Masco in the first quarter worth $25,000. Versant Capital Management Inc grew its position in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock valued at $28,000 after buying an additional 136 shares during the period. Family Firm Inc. acquired a new stake in shares of Masco in the second quarter valued at about $30,000. Venturi Wealth Management LLC grew its position in shares of Masco by 70.1% in the first quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company's stock valued at $34,000 after purchasing an additional 178 shares during the period. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock valued at $38,000 after purchasing an additional 179 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MAS. Citigroup decreased their price target on shares of Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a research note on Thursday, July 11th. Jefferies Financial Group lifted their target price on shares of Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Truist Financial lifted their target price on shares of Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Robert W. Baird lifted their target price on shares of Masco from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Friday, July 26th. Finally, BMO Capital Markets lifted their target price 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 issued a buy rating to the company's stock. According to data from MarketBeat, Masco has a consensus rating of "Moderate Buy" and a consensus target price of $77.58.

Masco Price Performance

Shares of NYSE:MAS traded up $2.94 on Friday, reaching $80.68. 1,340,828 shares of the company were exchanged, compared to its average volume of 1,934,481. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco Co. has a 1-year low of $47.66 and a 1-year high of $80.74. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 19.77, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a 50-day moving average of $71.70 and a 200-day moving average of $72.38.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. Equities analysts forecast that Masco Co. will post 4.1 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders 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 annualized dividend and a dividend yield of 1.44%. Masco's payout ratio is currently 28.43%.

About Masco

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.

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