Massachusetts Financial Services Co. MA Has $655.41 Million Position in Masco Co. (NYSE:MAS)

Massachusetts Financial Services Co. MA increased its stake in Masco Co. (NYSE:MAS - Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,830,723 shares of the construction company's stock after acquiring an additional 181,515 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 4.46% of Masco worth $655,414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Avantax Advisory Services Inc. raised its holdings in shares of Masco by 10.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,579 shares of the construction company's stock valued at $977,000 after acquiring an additional 1,357 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Masco by 9.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,819 shares of the construction company's stock valued at $1,060,000 after purchasing an additional 1,372 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Masco by 37.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,032 shares of the construction company's stock worth $1,074,000 after purchasing an additional 4,386 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in Masco by 7.9% in the fourth quarter. Quadrant Capital Group LLC now owns 3,480 shares of the construction company's stock worth $233,000 after buying an additional 256 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its position in 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 acquiring an additional 451 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Masco Stock Performance

MAS stock traded up $0.21 during midday trading on Tuesday, hitting $81.25. The stock had a trading volume of 1,137,737 shares, compared to its average volume of 1,876,548. Masco Co. has a 52 week low of $47.66 and a 52 week high of $82.36. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The stock has a 50-day simple moving average of $75.59 and a 200 day simple moving average of $72.91. The firm has a market capitalization of $17.73 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.45 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.20 EPS for the quarter, topping 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 net margin of 11.59% and a return on equity of 602.39%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the firm earned $1.19 EPS. As a group, equities research analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The business also recently announced 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 was Friday, August 2nd. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.43%. Masco's payout ratio is presently 28.43%.

Wall Street Analysts Forecast Growth

Several research firms have commented on MAS. Barclays increased their target price on shares of Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Truist Financial lifted their price target on shares of Masco from $81.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, July 26th. Jefferies Financial Group boosted their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Citigroup dropped their target price on shares of Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. Finally, BMO Capital Markets upped their price target on shares of Masco from $75.00 to $78.00 and gave the company a "market perform" rating in a report on Wednesday, July 31st. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $77.58.

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.