5,498 Shares in Masco Corporation (NYSE:MAS) Bought by Clarius Group LLC

Clarius Group LLC purchased a new stake 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 5,498 shares of the construction company's stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also modified their holdings of MAS. Geode Capital Management LLC increased its position in Masco by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company's stock worth $371,265,000 after buying an additional 58,739 shares during the period. Northern Trust Corp lifted its stake in shares of Masco by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock worth $283,070,000 after buying an additional 337,164 shares during the last quarter. Invesco Ltd. boosted its holdings in Masco by 14.7% in the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after purchasing an additional 360,931 shares during the period. Deutsche Bank AG boosted its stake in Masco by 12.4% during the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock worth $200,456,000 after buying an additional 305,156 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Masco by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 2,463,217 shares of the construction company's stock valued at $178,756,000 after acquiring an additional 142,318 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

NYSE:MAS traded up $0.34 on Friday, hitting $61.24. The stock had a trading volume of 5,147,863 shares, compared to its average volume of 1,836,768. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The stock has a market cap of $12.92 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.32 and a beta of 1.19. The company has a quick ratio of 1.09, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The business's 50-day simple moving average is $62.65 and its two-hundred day simple moving average is $70.14.

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

Masco Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 2.02%. Masco's dividend payout ratio (DPR) is 33.88%.

Wall Street Analyst Weigh In

Several research firms have weighed in on MAS. Wells Fargo & Company raised their price objective on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Robert W. Baird cut their price target on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Royal Bank Of Canada decreased their price objective on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. Truist Financial lowered their target price on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a research note on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Masco currently has an average rating of "Hold" and a consensus price target of $73.63.

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.