Two Sigma Investments LP Has $945,000 Stake in Masco Co. (NYSE:MAS)

Two Sigma Investments LP trimmed its holdings in Masco Co. (NYSE:MAS - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,028 shares of the construction company's stock after selling 25,872 shares during the period. Two Sigma Investments LP's holdings in Masco were worth $945,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MAS. Janney Montgomery Scott LLC lifted its position in shares of Masco by 5.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 11,654 shares of the construction company's stock valued at $846,000 after buying an additional 634 shares during the last quarter. DAVENPORT & Co LLC lifted its position in shares of Masco by 3.4% in the fourth quarter. DAVENPORT & Co LLC now owns 6,317 shares of the construction company's stock valued at $458,000 after buying an additional 210 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Masco by 40.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 20,824 shares of the construction company's stock valued at $1,524,000 after buying an additional 5,964 shares during the last quarter. Choreo LLC lifted its position in shares of Masco by 18.4% in the fourth quarter. Choreo LLC now owns 8,350 shares of the construction company's stock valued at $606,000 after buying an additional 1,298 shares during the last quarter. Finally, Ledyard National Bank lifted its holdings in Masco by 90.1% during the 4th quarter. Ledyard National Bank now owns 49,707 shares of the construction company's stock worth $3,607,000 after purchasing an additional 23,560 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MAS. Wells Fargo & Company lifted their price target on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. UBS Group reissued a "buy" rating and set a $80.00 price target (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Truist Financial dropped their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Wall Street Zen cut Masco from a "hold" rating to a "sell" rating in a report on Friday. Finally, Royal Bank of Canada dropped their price target on Masco from $74.00 to $62.00 and set a "sector perform" rating for the company in a report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $73.63.

Insider Buying and Selling

In other news, VP Renee Straber sold 3,139 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $71.78, for a total value of $225,317.42. Following the completion of the sale, the vice president now directly owns 33,027 shares of the company's stock, valued at $2,370,678.06. This represents a 8.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Masco Stock Down 0.2%

Shares of Masco stock opened at $63.21 on Friday. Masco Co. has a one year low of $56.55 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15. The stock's 50-day moving average is $62.68 and its 200 day moving average is $71.21. The firm has a market cap of $13.33 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.94 and a beta of 1.23.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.50% and a return on equity of 838.32%. The business had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The firm's revenue for the quarter was down 6.5% on a year-over-year basis. Equities research analysts anticipate that Masco Co. will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 9th. Investors of record on Friday, May 23rd will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Friday, May 23rd. Masco's dividend payout ratio (DPR) is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.