IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.51 Million Stock Position in Masco Co. (NYSE:MAS)

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its position in shares of Masco Co. (NYSE:MAS - Free Report) by 12.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,674 shares of the construction company's stock after selling 3,198 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Masco were worth $1,512,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of MAS. International Assets Investment Management LLC boosted its stake in Masco by 12,355.4% during the fourth quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company's stock worth $1,009,000 after buying an additional 14,950 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Masco by 1,906.9% during the 4th quarter. Federated Hermes Inc. now owns 16,196 shares of the construction company's stock valued at $1,085,000 after acquiring an additional 15,389 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Masco by 4.7% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,053 shares of the construction company's stock worth $405,000 after purchasing an additional 272 shares in the last quarter. Russell Investments Group Ltd. raised its position in Masco by 22.0% in the fourth quarter. Russell Investments Group Ltd. now owns 168,661 shares of the construction company's stock worth $11,312,000 after purchasing an additional 30,412 shares in the last quarter. Finally, Intrust Bank NA boosted its holdings in Masco by 2.7% during the fourth quarter. Intrust Bank NA now owns 9,217 shares of the construction company's stock valued at $617,000 after purchasing an additional 243 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Up 0.1 %

MAS stock traded up $0.05 during trading on Thursday, hitting $78.86. The company had a trading volume of 878,111 shares, compared to its average volume of 1,916,997. The firm has a 50-day moving average price of $72.52 and a 200-day moving average price of $72.58. Masco Co. has a 12 month low of $47.66 and a 12 month high of $81.91. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The stock has a market cap of $17.37 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released 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. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm's quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 earnings per share. As a group, analysts predict that Masco Co. will post 4.1 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.47%. The ex-dividend date was Friday, August 2nd. Masco's payout ratio is 28.43%.

Wall Street Analyst Weigh In

MAS has been the topic of several analyst reports. Truist Financial upped their price objective on Masco from $81.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Jefferies Financial Group increased their price objective on Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Citigroup dropped their price objective on Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Barclays upped their target price on shares of Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, BMO Capital Markets increased their target price on shares of Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 31st. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently 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.

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