Elo Mutual Pension Insurance Co Purchases 3,254 Shares of Masco Co. (NYSE:MAS)

Elo Mutual Pension Insurance Co boosted its stake in shares of Masco Co. (NYSE:MAS) by 24.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,741 shares of the construction company’s stock after purchasing an additional 3,254 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Masco were worth $1,116,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MAS. Janney Montgomery Scott LLC boosted its position in Masco by 37.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,032 shares of the construction company’s stock valued at $1,074,000 after purchasing an additional 4,386 shares during the last quarter. Norges Bank acquired a new position in Masco during the fourth quarter valued at approximately $122,144,000. UBS Group AG boosted its position in Masco by 39.2% during the fourth quarter. UBS Group AG now owns 212,717 shares of the construction company’s stock valued at $14,248,000 after purchasing an additional 59,946 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in Masco during the fourth quarter valued at approximately $230,000. Finally, Wells Fargo & Company MN boosted its position in Masco by 4.6% during the fourth quarter. Wells Fargo & Company MN now owns 299,528 shares of the construction company’s stock valued at $20,062,000 after purchasing an additional 13,147 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Masco news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total transaction of $2,961,592.48. Following the transaction, the vice president now owns 36,980 shares in the company, valued at approximately $2,896,273.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $82.11 on Friday. The stock has a market cap of $18.08 billion, a P/E ratio of 20.13, a PEG ratio of 2.45 and a beta of 1.24. The stock has a 50 day simple moving average of $76.49 and a 200 day simple moving average of $73.07. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. Masco Co. has a 1-year low of $47.66 and a 1-year high of $83.56.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. 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 posted $1.19 EPS. Research analysts anticipate that Masco Co. will post 4.11 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders 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 dividend on an annualized basis and a yield of 1.41%. Masco’s dividend payout ratio (DPR) is presently 28.43%.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent research reports. Royal Bank of Canada increased their price target on Masco from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Citigroup cut their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Truist Financial raised their price objective on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays raised their price objective on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, Robert W. Baird raised their price objective on Masco from $84.00 to $88.00 and gave the company 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $77.58.

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.