Natixis Advisors LLC Cuts Position in Masco Co. (NYSE:MAS)

Natixis Advisors LLC reduced its stake in shares of Masco Co. (NYSE:MAS) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 229,325 shares of the construction company’s stock after selling 1,900 shares during the quarter. Natixis Advisors LLC’s holdings in Masco were worth $15,289,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC boosted its stake in shares of Masco by 12,355.4% during the 4th quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company’s stock worth $1,009,000 after acquiring an additional 14,950 shares in the last quarter. Amalgamated Bank grew its holdings in Masco by 6.9% in the fourth quarter. Amalgamated Bank now owns 66,595 shares of the construction company’s stock valued at $4,461,000 after purchasing an additional 4,289 shares during the last quarter. M&T Bank Corp raised its stake in shares of Masco by 1.9% during the 4th quarter. M&T Bank Corp now owns 12,899 shares of the construction company’s stock worth $864,000 after buying an additional 243 shares during the last quarter. National Bank of Canada FI boosted its position in shares of Masco by 217.0% in the 4th quarter. National Bank of Canada FI now owns 162,830 shares of the construction company’s stock worth $10,840,000 after buying an additional 111,469 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Masco by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,921,427 shares of the construction company’s stock worth $128,697,000 after buying an additional 37,387 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

NYSE:MAS opened at $78.14 on Thursday. Masco Co. has a fifty-two week low of $47.66 and a fifty-two week high of $81.91. The firm’s 50 day moving average is $73.47 and its two-hundred day moving average is $72.73. The company has a market cap of $17.21 billion, a P/E ratio of 19.15, a P/E/G ratio of 2.50 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18.

Masco (NYSE:MAS) last issued its 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. Masco had a return on equity of 602.39% and a net margin of 11.59%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company posted $1.19 EPS. The business’s quarterly revenue was down 1.7% on a year-over-year basis. Analysts expect that Masco Co. will post 4.11 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, August 2nd. This represents a $1.16 annualized dividend and a yield of 1.48%. Masco’s payout ratio is 28.43%.

Analyst Ratings Changes

MAS has been the subject of several recent research reports. Robert W. Baird raised their target price on shares of Masco from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Citigroup dropped their price objective 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 upped their target price on Masco from $81.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Jefferies Financial Group boosted their price target on Masco from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Barclays increased their price objective on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

Masco 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.