Andra AP fonden Sells 36,000 Shares of Masco Co. (NYSE:MAS)

Andra AP fonden lowered its position in Masco Co. (NYSE:MAS - Free Report) by 15.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 203,300 shares of the construction company's stock after selling 36,000 shares during the period. Andra AP fonden owned 0.09% of Masco worth $13,554,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new stake in Masco in the first quarter worth approximately $25,000. Innealta Capital LLC acquired a new position in shares of Masco during the 2nd quarter valued at $25,000. Versant Capital Management Inc boosted its stake in Masco by 62.4% during the first quarter. Versant Capital Management Inc now owns 354 shares of the construction company's stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Family Firm Inc. bought a new position in Masco during the second quarter worth $30,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in Masco by 46.0% in the second quarter. Massmutual Trust Co. FSB ADV now owns 568 shares of the construction company's stock worth $38,000 after purchasing an additional 179 shares during the period. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MAS shares. Truist Financial increased their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, July 26th. Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the stock an "outperform" rating in a report on Friday, July 26th. Jefferies Financial Group boosted 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. BMO Capital Markets increased their target price on Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. Finally, Robert W. Baird boosted their price target on shares of Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $77.58.

Masco Stock Down 0.4 %

NYSE:MAS traded down $0.32 on Wednesday, hitting $78.01. The stock had a trading volume of 1,356,194 shares, compared to its average volume of 1,894,696. Masco Co. has a 1 year low of $47.66 and a 1 year high of $81.91. The firm's fifty day simple moving average is $74.69 and its two-hundred day simple moving average is $72.86. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. The stock has a market cap of $17.03 billion, a P/E ratio of 19.12, a price-to-earnings-growth 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. 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%. Masco's revenue was down 1.7% on a year-over-year basis. During the same period last year, the business posted $1.19 earnings per share. 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. Investors 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 dividend on an annualized basis and a yield of 1.49%. Masco's dividend payout ratio (DPR) is presently 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.