Bokf Na Has $527,000 Position in Masco Co. (NYSE:MAS)

Bokf Na increased its stake in shares of Masco Co. (NYSE:MAS) by 27.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,901 shares of the construction company’s stock after purchasing an additional 1,723 shares during the quarter. Bokf Na’s holdings in Masco were worth $527,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Cornercap Investment Counsel Inc. increased its holdings in shares of Masco by 75.4% during the second quarter. Cornercap Investment Counsel Inc. now owns 37,377 shares of the construction company’s stock worth $2,492,000 after buying an additional 16,071 shares in the last quarter. Achmea Investment Management B.V. raised its position in Masco by 57.0% in the second quarter. Achmea Investment Management B.V. now owns 250,909 shares of the construction company’s stock valued at $16,728,000 after purchasing an additional 91,125 shares during the last quarter. Forsta AP Fonden raised its position in Masco by 36.0% in the second quarter. Forsta AP Fonden now owns 77,500 shares of the construction company’s stock valued at $5,167,000 after purchasing an additional 20,500 shares during the last quarter. United Services Automobile Association grew its holdings in shares of Masco by 7.9% during the second quarter. United Services Automobile Association now owns 95,188 shares of the construction company’s stock worth $6,346,000 after purchasing an additional 6,936 shares during the last quarter. Finally, Liberty Wealth Management LLC acquired a new position in shares of Masco in the second quarter valued at approximately $935,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 1.0 %

Shares of Masco stock opened at $81.04 on Tuesday. The firm has a market cap of $17.69 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 2.45 and a beta of 1.24. The stock’s 50-day moving average is $75.59 and its 200 day moving average is $72.91. The company has a debt-to-equity ratio of 16.18, a current ratio of 1.76 and a quick ratio of 1.12. Masco Co. has a one year low of $47.66 and a one year high of $81.91.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $2.10 billion. During the same period in the prior year, the business earned $1.19 EPS. The company’s revenue for the quarter was down 1.7% compared to the same quarter last year. Equities research analysts anticipate that Masco Co. will post 4.11 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Friday, August 2nd were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend was Friday, August 2nd. Masco’s dividend payout ratio (DPR) is currently 28.43%.

Insider Activity

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares in the company, valued at approximately $2,896,273.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 31st. Barclays lifted their price target on shares of Masco from $79.00 to $88.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Royal Bank of Canada increased 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. Jefferies Financial Group lifted their target price on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Truist Financial increased their price target on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.