Aigen Investment Management LP Purchases Shares of 17,046 Masco Corporation (NYSE:MAS)

Key Points

• Aigen Investment Management LP purchased 17,046 shares of Masco Corporation, valued at approximately $1.185 million, during the 1st quarter.
• Masco Corporation reported $1.30 EPS for the last quarter, exceeding the consensus estimate of $1.08, and its revenue was $2.05 billion, slightly above the expected $2 billion.
• The company declared a quarterly dividend of $0.31 per share, with an annualized yield of 1.8%, set to be paid on August 25th to investors of record on August 8th.

Aigen Investment Management LP acquired a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 17,046 shares of the construction company's stock, valued at approximately $1,185,000.

Other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in Masco by 10.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock valued at $1,580,000 after purchasing an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC boosted 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 acquiring an additional 270 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Masco by 11.0% in the first quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock valued at $5,990,000 after acquiring an additional 8,508 shares during the last quarter. State of Alaska Department of Revenue increased its stake in Masco by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after acquiring an additional 235 shares during the last quarter. Finally, LPL Financial LLC raised its position in Masco by 7.2% during the first quarter. LPL Financial LLC now owns 187,893 shares of the construction company's stock valued at $13,066,000 after purchasing an additional 12,686 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company boosted their target price on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Robert W. Baird downgraded shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Loop Capital reissued a "hold" rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Twelve equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $74.13.

Masco Trading Down 1.4%

NYSE MAS traded down $1.02 during mid-day trading on Thursday, reaching $73.62. 2,144,374 shares of the stock were exchanged, compared to its average volume of 2,167,933. 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 stock has a market cap of $15.41 billion, a P/E ratio of 19.53, a P/E/G ratio of 2.60 and a beta of 1.16. The stock has a 50 day simple moving average of $65.88 and a 200-day simple moving average of $67.64. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

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

Masco Dividend Announcement

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

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.