69,805 Shares in Masco Corporation (NYSE:MAS) Bought by Regents Gate Capital LLP

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. lifted its stake 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 buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Masco in the 1st quarter valued at approximately $29,000. Lee Danner & Bass Inc. purchased a new stake in Masco in the 4th quarter valued at approximately $42,000. GeoWealth Management LLC lifted its stake 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 purchasing an additional 322 shares during the period. Finally, Wayfinding Financial LLC purchased a new position in shares of Masco during the 1st quarter worth $56,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Price Performance

NYSE:MAS traded up $1.15 during mid-day trading on Thursday, reaching $68.04. The stock had a trading volume of 535,425 shares, compared to its average volume of 1,839,890. The company has a market capitalization of $14.35 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 2.50 and a beta of 1.19. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The stock's 50 day simple moving average is $63.76 and its two-hundred day simple moving average is $68.85.

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 company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The business's revenue was down 6.5% on a year-over-year basis. Sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were paid a $0.31 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 1.82%. Masco's payout ratio is currently 33.88%.

Analysts Set New Price Targets

A number of research analysts have weighed in on MAS shares. Royal Bank Of Canada reduced their price target on Masco from $74.00 to $62.00 and set a "sector perform" rating on the stock in a research note on Thursday, April 24th. Barclays set a $71.00 price target on Masco and gave the stock an "overweight" rating in a research note on Thursday, April 24th. Truist Financial reduced their price target on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Wells Fargo & Company increased their price target on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Loop Capital set a $62.00 price target on Masco and gave the stock a "hold" rating in a research note on Thursday, April 24th. Ten research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Masco has an average rating of "Hold" and an average price target of $73.63.

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.