Liberty Wealth Management LLC Purchases Shares of 14,771 Masco Corporation (NYSE:MAS)

Key Points

• Liberty Wealth Management LLC acquired 14,771 shares of Masco Corporation valued at approximately $1,027,000 during Q1, as reported in their Form 13F filing with the SEC.
• Masco Corporation reported $1.30 earnings per share for the last quarter, exceeding analysts' expectations of $1.08.
• The company announced a quarterly dividend of $0.31 per share, with a record date of August 8 and a dividend yield of 1.8%.

Liberty Wealth Management LLC purchased a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 14,771 shares of the construction company's stock, valued at approximately $1,027,000.

A number of other large investors also recently modified their holdings of MAS. Mirae Asset Global Investments Co. Ltd. raised its holdings in Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock worth $1,580,000 after acquiring an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock worth $769,000 after purchasing an additional 270 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Masco by 11.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock worth $5,990,000 after purchasing an additional 8,508 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Masco by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after buying an additional 235 shares during the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in shares of Masco by 8.2% in the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after buying an additional 204 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 1.3%

Shares of Masco stock opened at $68.99 on Monday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The stock has a market cap of $14.55 billion, a PE ratio of 18.30, a PEG ratio of 2.52 and a beta of 1.16. The firm has a 50-day moving average of $64.65 and a 200-day moving average of $67.96. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 earnings per share. As a group, sell-side analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, August 8th. Masco's dividend payout ratio is 32.89%.

Analyst Ratings Changes

Several analysts have issued reports on MAS shares. Loop Capital set a $62.00 price target on shares of Masco and gave the stock a "hold" rating in a research report on Thursday, April 24th. UBS Group reaffirmed a "buy" rating and issued a $80.00 target price (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Barclays raised their target price on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday. Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday. Finally, Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Twelve analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $74.70.

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.

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