Andina Capital Management LLC Makes New $390,000 Investment in Masco Corporation $MAS

Key Points

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Andina Capital Management LLC bought a new position in shares of Masco Corporation (NYSE:MAS - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 5,614 shares of the construction company's stock, valued at approximately $390,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its stake in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Masco in the first quarter valued at approximately $29,000. Costello Asset Management INC bought a new stake in Masco in the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco in the first quarter valued at approximately $33,000. Finally, GeoWealth Management LLC boosted its holdings in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after acquiring an additional 322 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Barclays upped their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Jefferies Financial Group lowered their price target on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Oppenheimer set a $79.00 price target on Masco and gave the company an "outperform" rating in a research report on Monday, August 4th. Truist Financial lowered their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Evercore ISI reduced their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Twelve research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $74.13.

Masco Stock Down 0.5%

Masco stock opened at $73.17 on Tuesday. The stock has a market cap of $15.32 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 2.68 and a beta of 1.16. 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 Corporation has a one year low of $56.55 and a one year high of $86.70. The stock has a fifty day moving average of $66.48 and a 200 day moving average of $67.32.

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 (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The business had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. Masco's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts predict that Masco Corporation will post 4.34 EPS 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 paid a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco's dividend payout ratio is 32.89%.

Masco Company 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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