ASR Vermogensbeheer N.V. Invests $830,000 in Masco Corporation (NYSE:MAS)

Key Points

• ASR Vermogensbeheer N.V. acquired 11,932 shares of Masco Corporation, totaling approximately $830,000 in value.
• Masco recently reported $1.30 EPS for the latest quarter, exceeding expectations of $1.08, with a revenue of $2.05 billion.
• The company announced a quarterly dividend of $0.31 per share, payable on August 25th, resulting in a yield of 1.8%.

ASR Vermogensbeheer N.V. purchased a new position in shares of Masco Corporation (NYSE:MAS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 11,932 shares of the construction company's stock, valued at approximately $830,000.

A number of other institutional investors have also made changes to their positions in MAS. Global X Japan Co. Ltd. raised its stake in shares of 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 acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Masco in the 1st quarter valued at approximately $29,000. Costello Asset Management INC bought a new position in shares of Masco in the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the 1st quarter valued at approximately $33,000. Finally, GeoWealth Management LLC grew its holdings in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAS has been the topic of several recent research reports. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Truist Financial decreased their price objective on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Royal Bank Of Canada boosted their price objective on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Finally, Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Twelve investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $74.13.

Masco Trading Up 3.4%

Shares of Masco stock traded up $2.34 during trading hours on Tuesday, hitting $71.24. The company's stock had a trading volume of 3,031,427 shares, compared to its average volume of 2,571,351. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The stock has a 50 day moving average of $65.65 and a 200 day moving average of $67.60. The company has a market capitalization of $14.92 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 2.51 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. Masco's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. Analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, August 8th. Masco's dividend payout ratio (DPR) is presently 32.89%.

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.