XTX Topco Ltd Acquires 8,634 Shares of Masco Corporation (NYSE:MAS)

Key Points

• XTX Topco Ltd increased its holdings in Masco Corporation by 104.3% during the 1st quarter, owning a total of 16,912 shares valued at $1.176 million.
• Masco's recent earnings report showed $1.30 earnings per share, exceeding analysts' expectations, with a revenue of $2.05 billion for the quarter.
• The company announced a quarterly dividend of $0.31 per share, representing an annualized dividend of $1.24 and a yield of 1.8%.

XTX Topco Ltd lifted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 104.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,912 shares of the construction company's stock after buying an additional 8,634 shares during the period. XTX Topco Ltd's holdings in Masco were worth $1,176,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Evermay Wealth Management LLC increased its stake in Masco by 25.1% in the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after buying an additional 200 shares during the period. Exchange Traded Concepts LLC lifted its position in shares of Masco by 8.2% in the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after buying an additional 204 shares during the last quarter. Wedmont Private Capital boosted its position in Masco by 4.9% during the first quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock worth $311,000 after purchasing an additional 208 shares during the period. Global X Japan Co. Ltd. grew 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 during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Masco by 1.0% in the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after purchasing an additional 235 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on MAS shares. Loop Capital set a $62.00 target price on shares of Masco and gave the stock a "hold" rating in a research report on Thursday, April 24th. Evercore ISI dropped their price objective on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research note on Thursday, April 24th. Barclays boosted their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday. Robert W. Baird lowered shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Twelve research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $74.70.

Masco Trading Up 1.3%

Shares of Masco stock traded up $0.86 during trading on Friday, reaching $68.99. 4,104,872 shares of the company were exchanged, compared to its average volume of 2,357,834. The business has a 50-day moving average price of $64.65 and a 200-day moving average price of $67.96. The firm has a market capitalization of $14.55 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 2.52 and a beta of 1.16. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. Masco Corporation 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 earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The company's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.20 EPS. Sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a $0.31 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco's dividend payout ratio (DPR) is 32.89%.

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.