DekaBank Deutsche Girozentrale Has $25.81 Million Stock Holdings in Masco Corporation (NYSE:MAS)

DekaBank Deutsche Girozentrale grew its holdings in Masco Corporation (NYSE:MAS - Free Report) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 380,866 shares of the construction company's stock after purchasing an additional 4,088 shares during the period. DekaBank Deutsche Girozentrale owned about 0.18% of Masco worth $25,805,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new stake in Masco in the fourth quarter valued at approximately $129,306,000. Wealthquest Corp bought a new position in Masco during the first quarter valued at about $111,722,000. GAMMA Investing LLC raised its holdings in Masco by 11,690.9% during the first quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock valued at $63,397,000 after buying an additional 903,937 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Masco in the fourth quarter worth about $33,157,000. Finally, Freestone Grove Partners LP bought a new stake in shares of Masco during the 4th quarter worth about $30,678,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Barclays set a $71.00 price objective on Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Truist Financial decreased their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. The Goldman Sachs Group cut their price target on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Ten research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $73.63.

Masco Stock Performance

Masco stock traded down $1.66 during trading hours on Friday, hitting $65.84. 1,808,047 shares of the stock were exchanged, compared to its average volume of 1,832,589. The stock has a market capitalization of $13.89 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.57 and a beta of 1.19. The business's 50-day moving average is $63.97 and its two-hundred day moving average is $68.74. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $1.80 billion during 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 company'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 posted $0.93 EPS. On average, equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, May 23rd. Masco's dividend payout ratio is presently 33.88%.

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.