Liberty Wealth Management LLC Makes New $935,000 Investment in Masco Co. (NYSE:MAS)

Liberty Wealth Management LLC purchased a new stake in Masco Co. (NYSE:MAS - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 14,026 shares of the construction company's stock, valued at approximately $935,000.

A number of other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in Masco during the 4th quarter worth $122,144,000. Manning & Napier Advisors LLC bought a new position in Masco during the 2nd quarter worth $82,363,000. Confluence Investment Management LLC bought a new position in Masco during the 1st quarter worth $78,181,000. Acadian Asset Management LLC grew its stake in Masco by 66.5% during the 2nd quarter. Acadian Asset Management LLC now owns 1,823,934 shares of the construction company's stock worth $121,581,000 after buying an additional 728,690 shares during the last quarter. Finally, Vanguard Group Inc. boosted 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 acquiring an additional 721,117 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of analyst reports. Barclays boosted their price target on Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Truist Financial upped their price objective on Masco from $81.00 to $84.00 and gave the company a "buy" rating in a report on Friday, July 26th. Jefferies Financial Group upped their price objective on Masco from $83.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on Masco from $78.00 to $79.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Finally, Robert W. Baird upped their price objective on Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $77.58.

Masco Trading Up 1.3 %

Shares of NYSE MAS traded up $1.01 during mid-day trading on Tuesday, hitting $78.33. 1,907,409 shares of the company traded hands, compared to its average volume of 1,897,141. Masco Co. has a 1 year low of $47.66 and a 1 year high of $81.91. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 2.42 and a beta of 1.24. 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 business has a 50 day moving average of $74.42 and a two-hundred day moving average of $72.82.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.48%. The ex-dividend date was Friday, August 2nd. Masco's payout ratio is 28.43%.

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.