QS Investors LLC Buys 1,606 Shares of Masco Co. (NYSE:MAS)

QS Investors LLC increased its stake in Masco Co. (NYSE:MAS) by 2.4% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 69,639 shares of the construction company’s stock after acquiring an additional 1,606 shares during the period. QS Investors LLC’s holdings in Masco were worth $4,103,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Cullen Frost Bankers Inc. raised its position in Masco by 267.9% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 493 shares of the construction company’s stock worth $29,000 after purchasing an additional 359 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in Masco by 85.1% in the 1st quarter. Rockefeller Capital Management L.P. now owns 548 shares of the construction company’s stock worth $32,000 after purchasing an additional 252 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in Masco in the 2nd quarter worth approximately $39,000. Evermay Wealth Management LLC bought a new position in Masco in the 2nd quarter worth approximately $42,000. Finally, Capital Analysts LLC raised its position in shares of Masco by 627.0% during the 2nd quarter. Capital Analysts LLC now owns 727 shares of the construction company’s stock valued at $43,000 after acquiring an additional 627 shares during the last quarter. Hedge funds and other institutional investors own 92.02% of the company’s stock.

Several brokerages have commented on MAS. Zacks Investment Research upgraded shares of Masco from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Wednesday, August 4th. JPMorgan Chase & Co. cut shares of Masco from a “neutral” rating to an “underweight” rating and set a $61.00 target price for the company. in a research report on Wednesday, July 7th. Barclays dropped their target price on shares of Masco from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 15th. The Goldman Sachs Group upgraded shares of Masco from a “neutral” rating to a “buy” rating and upped their target price for the company from $71.00 to $73.00 in a research report on Wednesday, June 30th. Finally, Loop Capital dropped their target price on shares of Masco from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Monday, October 4th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $66.57.

Shares of MAS stock opened at $56.81 on Thursday. Masco Co. has a 12-month low of $51.53 and a 12-month high of $68.54. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 28.55 and a beta of 1.30. The company has a quick ratio of 1.26, a current ratio of 1.83 and a debt-to-equity ratio of 49.17. The firm has a fifty day moving average of $58.98 and a 200-day moving average of $60.20.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 29th. The construction company reported $1.14 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.10. The firm had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. Masco had a net margin of 6.61% and a return on equity of 379.98%. Research analysts expect that Masco Co. will post 3.7 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Friday, August 13th were paid a $0.235 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, August 12th. Masco’s payout ratio is presently 30.13%.

Masco Company Profile

Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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