Masco Co. (NYSE:MAS) Shares Bought by Oxbow Advisors LLC

Oxbow Advisors LLC grew its holdings in Masco Co. (NYSE:MAS - Free Report) by 955.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 40,233 shares of the construction company's stock after buying an additional 36,422 shares during the period. Oxbow Advisors LLC's holdings in Masco were worth $2,682,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in Masco during the 4th quarter worth approximately $122,144,000. Manning & Napier Advisors LLC purchased a new position in Masco in the 2nd quarter valued at $82,363,000. Confluence Investment Management LLC acquired a new position in Masco in the 1st quarter valued at $78,181,000. Vanguard Group Inc. raised its position in Masco by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 26,300,591 shares of the construction company's stock worth $2,074,591,000 after buying an additional 721,117 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its stake in shares of Masco by 55.8% in the 1st quarter. Lazard Asset Management LLC now owns 1,538,952 shares of the construction company's stock worth $121,391,000 after acquiring an additional 551,203 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Price Performance

Shares of Masco stock traded down $0.02 on Friday, hitting $77.22. The company's stock had a trading volume of 1,446,726 shares, compared to its average volume of 1,899,495. The company has a market capitalization of $17.01 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 2.50 and a beta of 1.24. Masco Co. has a 52-week low of $47.66 and a 52-week high of $81.91. The firm has a fifty day moving average price of $73.90 and a 200-day moving average price of $72.78. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.18 by $0.02. Masco had a net margin of 11.59% and a return on equity of 602.39%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the prior year, the firm earned $1.19 earnings per share. The company's revenue for the quarter was down 1.7% compared to the same quarter last year. On average, equities research analysts expect that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Friday, August 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. Masco's dividend payout ratio (DPR) is 28.43%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Robert W. Baird boosted their price target 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. Truist Financial boosted their target price on Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Citigroup reduced their price target on Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Barclays upped their price objective on Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a report on Friday, July 26th. Finally, Royal Bank of Canada raised their target price on Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, July 26th. 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $77.58.

Masco 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.