Regents Gate Capital LLP Makes New $4.85 Million Investment in Masco Corporation (NYSE:MAS)

Regents Gate Capital LLP acquired a new position in Masco Corporation (NYSE:MAS - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 69,805 shares of the construction company's stock, valued at approximately $4,854,000. Masco accounts for 2.1% of Regents Gate Capital LLP's holdings, making the stock its 22nd largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. Jones Financial Companies Lllp lifted its holdings in shares of Masco by 52.3% during the fourth quarter. Jones Financial Companies Lllp now owns 4,690 shares of the construction company's stock valued at $340,000 after purchasing an additional 1,610 shares during the last quarter. Keybank National Association OH increased its position in shares of Masco by 3.8% during the fourth quarter. Keybank National Association OH now owns 4,165 shares of the construction company's stock valued at $302,000 after acquiring an additional 151 shares in the last quarter. Assetmark Inc. increased its position in shares of Masco by 985.2% during the fourth quarter. Assetmark Inc. now owns 13,695 shares of the construction company's stock valued at $994,000 after acquiring an additional 12,433 shares in the last quarter. M&T Bank Corp increased its position in shares of Masco by 1.7% during the fourth quarter. M&T Bank Corp now owns 12,065 shares of the construction company's stock valued at $876,000 after acquiring an additional 205 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Masco during the fourth quarter valued at approximately $7,512,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MAS shares. Truist Financial reduced 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. UBS Group reissued a "buy" rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Loop Capital set a $62.00 price target on shares of Masco and gave the company a "hold" rating in a research report on Thursday, April 24th. Finally, Robert W. Baird cut their price objective on shares of Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Ten investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $73.63.

Masco Trading Down 2.5%

Shares of MAS traded down $1.66 during trading hours on Friday, reaching $65.84. 1,808,047 shares of the stock traded hands, compared to its average volume of 1,830,798. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company's 50-day moving average price is $63.97 and its two-hundred day moving average price is $68.71. The company has a market cap of $13.89 billion, a P/E ratio of 17.99, a price-to-earnings-growth ratio of 2.51 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share 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 for the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter last year, the firm posted $0.93 EPS. The firm's quarterly revenue was down 6.5% compared to the same quarter last year. On average, 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 paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, May 23rd. Masco's payout ratio is currently 33.88%.

About Masco

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.