Oak Thistle LLC boosted its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 100.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,146 shares of the construction company's stock after buying an additional 29,711 shares during the quarter. Masco accounts for approximately 0.8% of Oak Thistle LLC's investment portfolio, making the stock its 12th largest position. Oak Thistle LLC's holdings in Masco were worth $4,113,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of MAS. Global X Japan Co. Ltd. lifted its position 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 worth $26,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco during the first quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco during the first quarter worth $33,000. GeoWealth Management LLC lifted its position in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Masco during the first quarter worth $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
MAS has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. UBS Group restated a "buy" rating and issued a $80.00 price objective (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Tuesday. The Goldman Sachs Group decreased their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Jefferies Financial Group decreased their price objective on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $74.03.
View Our Latest Analysis on Masco
Masco Stock Performance
NYSE MAS traded up $0.32 during trading hours on Friday, reaching $67.75. The stock had a trading volume of 1,588,019 shares, compared to its average volume of 2,088,731. The stock has a fifty day moving average of $64.30 and a 200 day moving average of $68.32. The stock has a market cap of $14.29 billion, a P/E ratio of 18.51, a price-to-earnings-growth ratio of 2.77 and a beta of 1.19. 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 earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The firm had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the company earned $0.93 EPS. Masco's quarterly revenue was down 6.5% on a year-over-year basis. On average, equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.
Masco Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Friday, May 23rd. Masco's payout ratio is presently 33.88%.
About Masco
(
Free Report)
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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