Asset Management One Co. Ltd. Grows Stock Holdings in Masco Corporation (NYSE:MAS)

Asset Management One Co. Ltd. increased its position in Masco Corporation (NYSE:MAS - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,131 shares of the construction company's stock after buying an additional 8,508 shares during the period. Asset Management One Co. Ltd.'s holdings in Masco were worth $5,990,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in MAS. Global X Japan Co. Ltd. lifted its position 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 acquiring an additional 208 shares in the last quarter. Lee Danner & Bass Inc. bought a new position in Masco in the 4th quarter valued at about $42,000. GeoWealth Management LLC lifted its position 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 acquiring an additional 322 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in Masco by 74.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock valued at $56,000 after acquiring an additional 330 shares in the last quarter. Finally, South Plains Financial Inc. bought a new position in Masco in the 4th quarter valued at about $70,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 4.3%

Shares of MAS stock traded up $2.75 during trading hours on Tuesday, hitting $67.11. 3,292,574 shares of the company were exchanged, compared to its average volume of 1,843,235. The firm has a fifty day simple moving average of $63.03 and a 200 day simple moving average of $69.17. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The stock has a market capitalization of $14.16 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.45 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's revenue for the quarter was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.31 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a dividend yield of 1.85%. Masco's payout ratio is currently 33.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MAS shares. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Barclays set a $71.00 price target on shares of Masco and gave the company an "overweight" rating in a research report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group dropped their target price on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Truist Financial dropped their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Ten analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Masco currently has an average rating of "Hold" and a consensus target price of $73.63.

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.