United Services Automobile Association Increases Stock Position in Masco Co. (NYSE:MAS)

United Services Automobile Association lifted its holdings in shares of Masco Co. (NYSE:MAS - Free Report) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,188 shares of the construction company's stock after purchasing an additional 6,936 shares during the period. United Services Automobile Association's holdings in Masco were worth $6,346,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in Masco in the 4th quarter valued at about $122,144,000. Manning & Napier Advisors LLC bought a new stake in Masco in the 2nd quarter valued at about $82,363,000. Confluence Investment Management LLC bought a new stake in Masco in the 1st quarter valued at about $78,181,000. Acadian Asset Management LLC raised its stake 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 acquiring an additional 728,690 shares during the period. Finally, Vanguard Group Inc. raised its stake 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 acquiring an additional 721,117 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MAS. Royal Bank of Canada boosted their price objective on Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Robert W. Baird lifted their target price on Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Jefferies Financial Group lifted their target price on Masco from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Truist Financial lifted their target price on Masco from $81.00 to $84.00 and gave the company a "buy" rating in a report on Friday, July 26th. Finally, Citigroup reduced their target price on Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.58.

Masco Price Performance

NYSE MAS traded up $0.11 on Monday, reaching $77.33. 1,409,870 shares of the company's stock traded hands, compared to its average volume of 1,896,665. Masco Co. has a 12 month low of $47.66 and a 12 month 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 stock has a 50-day simple moving average of $74.15 and a 200 day simple moving average of $72.80. The stock has a market cap of $16.88 billion, a PE ratio of 18.95, a P/E/G ratio of 2.42 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, beating 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 business had revenue of $2.09 billion for the quarter, compared to analysts' expectations of $2.10 billion. During the same period last year, the business earned $1.19 earnings per share. The business's quarterly revenue was down 1.7% on a year-over-year basis. As a group, research analysts predict that Masco Co. will post 4.11 earnings per share for the current 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 paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend was Friday, August 2nd. Masco's dividend payout ratio (DPR) 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.