Masco Corporation (NYSE:MAS) Shares Purchased by LPL Financial LLC

Key Points

• LPL Financial LLC has increased its holdings in Masco Corporation (NYSE: MAS) by 7.2%, owning approximately 187,893 shares valued at $13,066,000 after acquiring an additional 12,686 shares this quarter.
• Masco Corporation reported $1.30 earnings per share for the last quarter, surpassing analysts' expectations of $1.08, with a revenue of $2.05 billion compared to a consensus estimate of $2 billion.
• The company has announced a quarterly dividend of $0.31 per share, representing an annualized dividend of $1.24 and a dividend yield of 1.8%, set to be paid on August 25th.

LPL Financial LLC increased its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 187,893 shares of the construction company's stock after acquiring an additional 12,686 shares during the quarter. LPL Financial LLC owned about 0.09% of Masco worth $13,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. Exchange Traded Concepts LLC boosted its holdings in Masco by 8.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after purchasing an additional 204 shares during the last quarter. Wedmont Private Capital boosted its holdings in Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after purchasing an additional 208 shares during the last quarter. Global X Japan Co. Ltd. boosted its holdings in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in 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 purchasing an additional 235 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in Masco by 4.6% in the 1st quarter. Venturi Wealth Management LLC now owns 5,479 shares of the construction company's stock valued at $381,000 after purchasing an additional 242 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of NYSE MAS opened at $69.31 on Friday. The company has a market cap of $14.51 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 2.53 and a beta of 1.16. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The company has a 50-day simple moving average of $65.19 and a 200-day simple moving average of $67.86.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm 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%. Masco's revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have weighed in on MAS shares. Oppenheimer set a $79.00 target price on shares of Masco and gave the company an "outperform" rating in a report on Monday. JPMorgan Chase & Co. boosted their target price on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday. Barclays boosted their target price on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Loop Capital boosted their price target on shares of Masco from $62.00 to $73.00 and gave the company a "hold" rating in a research note on Monday. Finally, Truist Financial reduced their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Twelve investment 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, Masco currently has a consensus rating of "Hold" and an average price target of $74.13.

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.

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