Cypress Capital Group Invests $589,000 in Masco Co. (NYSE:MAS)

Cypress Capital Group purchased a new position in shares of Masco Co. (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,841 shares of the construction company's stock, valued at approximately $589,000.

A number of other large investors also recently made changes to their positions in the business. New Covenant Trust Company N.A. purchased a new position in shares of Masco in the 1st quarter worth $25,000. Versant Capital Management Inc raised its position 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 buying an additional 136 shares during the period. Family Firm Inc. purchased a new position in shares of Masco in the 2nd quarter worth $30,000. Venturi Wealth Management LLC raised its position in shares of Masco by 70.1% in the 1st quarter. Venturi Wealth Management LLC now owns 432 shares of the construction company's stock worth $34,000 after buying an additional 178 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in Masco by 46.0% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of analyst reports. Jefferies Financial Group lifted their target price on Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a research report on Wednesday, July 17th. Citigroup lowered their price objective 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 target price on Masco from $81.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, July 26th. BMO Capital Markets boosted their price objective on Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. Finally, StockNews.com downgraded Masco from a "buy" rating to a "hold" rating in a research report on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Masco currently has an average rating of "Moderate Buy" and an average price target of $77.58.

Masco Stock Down 0.1 %

NYSE MAS traded down $0.07 on Monday, reaching $80.61. The company had a trading volume of 1,371,314 shares, compared to its average volume of 1,931,047. The firm has a market capitalization of $17.75 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco Co. has a 1-year low of $47.66 and a 1-year high of $81.91. The company's fifty day moving average is $71.70 and its 200-day moving average is $72.39.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period in the prior year, the business earned $1.19 EPS. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, research analysts forecast that Masco Co. will post 4.1 earnings per share for the current fiscal 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 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 dividend payout ratio is presently 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.