Regents Gate Capital LLP Invests $4.85 Million in Masco Corporation (NYSE:MAS)

Regents Gate Capital LLP purchased a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 69,805 shares of the construction company's stock, valued at approximately $4,854,000. Masco comprises about 2.1% of Regents Gate Capital LLP's portfolio, making the stock its 22nd biggest holding.

Several other institutional investors have also recently made changes to their positions in MAS. Global X Japan Co. Ltd. grew its position in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Masco in the first quarter worth about $29,000. Lee Danner & Bass Inc. bought a new stake in shares of Masco during the 4th quarter valued at $42,000. GeoWealth Management LLC lifted its stake in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Masco during the 1st quarter valued at about $56,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the subject of a number of research analyst reports. Jefferies Financial Group decreased their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wells Fargo & Company increased their target price on shares of Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Robert W. Baird lowered their price target on Masco from $72.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group decreased their price target on Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, UBS Group reiterated a "buy" rating and issued a $80.00 price target (down from $91.00) on shares of Masco in a 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. Based on data from MarketBeat.com, Masco has an average rating of "Hold" and a consensus target price of $73.63.

Masco Price Performance

Shares of Masco stock opened at $65.57 on Wednesday. The business has a 50-day simple moving average of $63.63 and a 200 day simple moving average of $68.86. The firm has a market capitalization of $13.83 billion, a price-to-earnings ratio of 17.92, a PEG ratio of 2.49 and a beta of 1.19. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.89%. Masco's payout ratio is 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.

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