Bessemer Group Inc. Lowers Holdings in Masco Corporation (NYSE:MAS)

Bessemer Group Inc. trimmed its holdings in Masco Corporation (NYSE:MAS - Free Report) by 59.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,071 shares of the construction company's stock after selling 29,422 shares during the quarter. Bessemer Group Inc.'s holdings in Masco were worth $1,395,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its holdings in Masco by 120.2% in the first 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. Lee Danner & Bass Inc. purchased a new stake in Masco in the fourth quarter valued at $42,000. 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 purchasing an additional 322 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after acquiring an additional 330 shares in the last quarter. Finally, South Plains Financial Inc. purchased a new stake in shares of Masco during the 4th quarter worth about $70,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Wells Fargo & Company increased their target price on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Truist Financial lowered their target price 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. Loop Capital set a $62.00 target price on shares of Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average price target of $73.63.

Masco Trading Up 0.7%

Shares of MAS stock opened at $64.19 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.09 and a debt-to-equity ratio of 20.74. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company's 50-day moving average price is $62.83 and its 200-day moving average price is $69.28. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 2.44 and a beta of 1.20.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a $0.31 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.93%. Masco's dividend payout ratio is currently 33.88%.

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.

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