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

Two Sigma Investments LP cut its stake in Masco Co. (NYSE:MAS - Free Report) by 66.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC acquired a new stake in shares of Masco during the 4th quarter worth approximately $27,000. Kestra Investment Management LLC acquired a new stake in Masco during the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new stake in Masco in the 4th quarter valued at $42,000. GeoWealth Management LLC raised its stake in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after buying an additional 322 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Masco by 74.3% during the 4th quarter. SRS Capital Advisors Inc. now owns 774 shares of the construction company's stock worth $56,000 after acquiring an additional 330 shares during the period. Institutional investors own 93.91% of the company's stock.

Masco Trading Up 2.5%

NYSE:MAS traded up $1.58 during trading hours on Tuesday, hitting $65.30. 2,067,465 shares of the stock were exchanged, compared to its average volume of 1,808,665. The company has a market capitalization of $13.77 billion, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The company's 50 day moving average is $62.56 and its two-hundred day moving average is $70.97. Masco Co. has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly 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). The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.84 billion. Masco had a net margin of 10.50% and a return on equity of 838.32%. Masco's revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. On average, sell-side analysts anticipate that Masco Co. will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date of this dividend was Friday, May 23rd. Masco's dividend payout ratio (DPR) is 33.88%.

Analyst Ratings Changes

MAS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Robert W. Baird dropped their target price on Masco from $72.00 to $70.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada decreased 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. UBS Group reiterated a "buy" rating and set a $80.00 price objective (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Finally, Truist Financial reduced their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $73.63.

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.