Oppenheimer Asset Management Inc. Grows Stock Holdings in Masco Co. (NYSE:MAS)

Oppenheimer Asset Management Inc. raised its stake in Masco Co. (NYSE:MAS - Free Report) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,443 shares of the construction company's stock after buying an additional 18,287 shares during the period. Oppenheimer Asset Management Inc. owned about 0.06% of Masco worth $9,497,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Avantax Advisory Services Inc. raised its stake in Masco by 10.3% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,579 shares of the construction company's stock worth $977,000 after buying an additional 1,357 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in Masco by 9.5% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,819 shares of the construction company's stock worth $1,060,000 after buying an additional 1,372 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Masco by 37.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,032 shares of the construction company's stock worth $1,074,000 after buying an additional 4,386 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Masco by 7.9% during the fourth quarter. Quadrant Capital Group LLC now owns 3,480 shares of the construction company's stock valued at $233,000 after purchasing an additional 256 shares in the last quarter. Finally, Beacon Pointe Advisors LLC increased its stake in shares of Masco by 3.0% during the fourth quarter. Beacon Pointe Advisors LLC now owns 15,688 shares of the construction company's stock valued at $1,051,000 after purchasing an additional 451 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on MAS shares. Citigroup decreased their target price on shares of Masco from $73.00 to $66.00 and set a "neutral" rating for the company in a research note on Thursday, July 11th. Truist Financial increased their price target on shares of Masco from $81.00 to $84.00 and gave the company a "buy" rating in a report on Friday, July 26th. Barclays increased their price target on shares of Masco from $79.00 to $88.00 and gave the company an "overweight" rating in a report on Friday, July 26th. BMO Capital Markets raised their target price on shares of Masco from $75.00 to $78.00 and gave the stock a "market perform" rating in a report on Wednesday, July 31st. Finally, Royal Bank of Canada increased their price target on shares of Masco from $78.00 to $79.00 and gave the stock an "outperform" rating in a research report on Friday, July 26th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $77.58.

Masco Trading Up 1.6 %

Masco stock traded up $1.29 during trading hours on Friday, hitting $80.21. The company had a trading volume of 951,399 shares, compared to its average volume of 1,886,729. The firm has a market cap of $17.51 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.45 and a beta of 1.24. The company has a debt-to-equity ratio of 16.18, a quick ratio of 1.12 and a current ratio of 1.76. Masco Co. has a 1 year low of $47.66 and a 1 year high of $81.91. The company has a 50-day moving average price of $75.28 and a two-hundred day moving average price of $72.88.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were paid a dividend of $0.29 per share. The ex-dividend date was Friday, August 2nd. This represents a $1.16 annualized dividend and a dividend yield of 1.45%. Masco's dividend payout ratio (DPR) is presently 28.43%.

Insider Buying and Selling

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the business's stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the sale, the vice president now owns 36,980 shares of the company's stock, valued at approximately $2,896,273.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

About Masco

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.