Deutsche Bank AG Has $181.77 Million Stock Position in Masco Corporation (NYSE:MAS)

Key Points

• Deutsche Bank AG cut its stake in Masco Corporation by 5.4%, holding approximately 2.61 million shares valued at $181.77 million as of its latest SEC filing.
• Recent analyst ratings on Masco showed a consensus rating of "Hold" with a price target average of $74.13, indicating mixed outlooks from several firms.
• Masco announced a quarterly dividend of $0.31 per share, with a dividend yield of 1.8% and a consistent payout ratio of 32.89%.

Deutsche Bank AG reduced its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 5.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,613,813 shares of the construction company's stock after selling 148,437 shares during the quarter. Deutsche Bank AG owned approximately 1.24% of Masco worth $181,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Masco by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 345,374 shares of the construction company's stock worth $25,064,000 after buying an additional 3,591 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in Masco during the 4th quarter worth $255,000. Federated Hermes Inc. increased its position in Masco by 6.1% during the 4th quarter. Federated Hermes Inc. now owns 153,080 shares of the construction company's stock worth $11,109,000 after buying an additional 8,810 shares during the period. Bank of Montreal Can lifted its position in shares of Masco by 0.3% during the 4th quarter. Bank of Montreal Can now owns 335,305 shares of the construction company's stock valued at $24,333,000 after acquiring an additional 879 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Masco by 14.7% during the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company's stock valued at $204,766,000 after acquiring an additional 360,931 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent analyst reports. Truist Financial cut their target price on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Loop Capital boosted their price target on Masco from $62.00 to $73.00 and gave the stock a "hold" rating in a report on Monday, August 4th. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a report on Tuesday, July 22nd. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Twelve investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Masco presently has a consensus rating of "Hold" and an average price target of $74.13.

Masco Stock Down 0.1%

Shares of NYSE:MAS opened at $69.31 on Friday. The business's 50 day simple moving average is $65.33 and its two-hundred day simple moving average is $67.80. The firm has a market cap of $14.51 billion, a P/E ratio of 18.38, a PEG ratio of 2.53 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 52-week low of $56.55 and a 52-week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The company's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 earnings per share. As a group, research analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.8%. Masco's dividend payout ratio is 32.89%.

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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