Masco Corporation (NYSE:MAS) Stock Position Raised by Oxbow Advisors LLC

Oxbow Advisors LLC grew its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,325 shares of the construction company's stock after acquiring an additional 4,787 shares during the period. Oxbow Advisors LLC's holdings in Masco were worth $2,943,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MAS. Global X Japan Co. Ltd. raised its holdings in Masco by 120.2% in the 1st 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 during the last quarter. Alpine Bank Wealth Management acquired a new position in Masco in the 1st quarter valued at $29,000. Lee Danner & Bass Inc. acquired a new stake in shares of Masco during the 4th quarter worth $42,000. GeoWealth Management LLC increased its holdings in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares during the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in shares of Masco during the 1st quarter worth $56,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of NYSE:MAS traded up $0.52 during trading hours on Wednesday, hitting $64.96. The stock had a trading volume of 1,418,355 shares, compared to its average volume of 1,829,560. The stock's fifty day simple moving average is $64.23 and its 200 day simple moving average is $68.57. The firm has a market capitalization of $13.70 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 2.45 and a beta of 1.19. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted 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 company 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 was down 6.5% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. As a group, research analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's payout ratio is 33.88%.

Analysts Set New Price Targets

A number of analysts have recently commented on MAS shares. Barclays upped their price objective on Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group decreased their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, UBS Group reissued a "buy" rating and issued a $80.00 price objective (down from $91.00) on shares of Masco in a research report on Thursday, April 24th. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Masco presently has an average rating of "Hold" and an average price target of $74.03.

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.