GSA Capital Partners LLP Invests $719,000 in Masco Corporation (NYSE:MAS)

GSA Capital Partners LLP acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,335 shares of the construction company's stock, valued at approximately $719,000.

Several other institutional investors and hedge funds have also modified their holdings of MAS. Evermay Wealth Management LLC boosted its stake in shares of Masco by 25.1% in the first quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after purchasing an additional 200 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Masco by 8.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after buying an additional 204 shares in the last quarter. Wedmont Private Capital boosted its position in Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after buying an additional 208 shares during the last quarter. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after acquiring an additional 208 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in shares of Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock worth $1,726,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Stock Performance

Shares of MAS stock opened at $68.99 on Friday. The company has a market cap of $14.55 billion, a P/E ratio of 18.30, a PEG ratio of 2.81 and a beta of 1.16. The business has a 50 day moving average of $64.65 and a two-hundred day moving average of $68.03. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a quick ratio of 1.09, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. The business had revenue of $2.05 billion for 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 business's revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $1.20 EPS. As a group, analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco's dividend payout ratio is currently 33.88%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Wells Fargo & Company raised their price target on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Finally, Truist Financial reduced their price objective 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. Twelve equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $74.70.

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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.