Masco Corporation (NYSE:MAS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Masco Corporation (NYSE:MAS - Free Report) by 69.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,110 shares of the construction company's stock after buying an additional 5,378 shares during the quarter. GAMMA Investing LLC's holdings in Masco were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Masco during the fourth quarter worth $129,306,000. Raymond James Financial Inc. purchased a new stake in Masco during the 4th quarter worth about $33,157,000. Freestone Grove Partners LP acquired a new stake in Masco in the 4th quarter valued at about $30,678,000. Invesco Ltd. boosted its stake in shares of 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 buying an additional 360,931 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Masco during the fourth quarter worth about $25,466,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analyst Weigh In

MAS has been the topic of several analyst reports. Robert W. Baird reduced their target price on shares of Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company increased 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. Royal Bank Of Canada decreased their price objective on shares of Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a research report on Thursday, April 24th. The Goldman Sachs Group dropped their target price on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Finally, Truist Financial cut their price target on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $73.63.

Masco Stock Performance

MAS traded down $0.85 during trading on Thursday, hitting $66.43. The stock had a trading volume of 1,335,842 shares, compared to its average volume of 1,840,834. The firm has a market capitalization of $14.01 billion, a P/E ratio of 18.15, a PEG ratio of 2.55 and a beta of 1.19. 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 $63.19 and its 200 day moving average price is $69.15.

Masco (NYSE:MAS - Get Free Report) last posted 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). The firm had revenue of $1.80 billion for the quarter, compared to analysts' expectations of $1.84 billion. Masco had a return on equity of 1,320.76% and a net margin of 10.30%. The company's revenue for the quarter was down 6.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.87%. Masco's dividend payout ratio (DPR) 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.