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Masco Corporation (NYSE:MAS) Shares Acquired by Y Intercept Hong Kong Ltd

Masco logo with Construction background

Y Intercept Hong Kong Ltd boosted its position in Masco Corporation (NYSE:MAS - Free Report) by 105.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,782 shares of the construction company's stock after purchasing an additional 9,634 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Masco were worth $1,306,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. boosted its holdings in shares of 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 shares of Masco during the 1st quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the 1st quarter valued at $33,000. GeoWealth Management LLC lifted its holdings in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new stake in shares of Masco during the 1st quarter valued at $56,000. 93.91% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MAS has been the subject of several analyst reports. Loop Capital set a $62.00 price objective on Masco and gave the company a "hold" rating in a report on Thursday, April 24th. Wells Fargo & Company raised their target price on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Barclays raised their target price on Masco from $71.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Jefferies Financial Group reduced their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Twelve equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Masco has an average rating of "Hold" and a consensus target price of $74.03.

Check Out Our Latest Report on MAS

Masco Stock Performance

Shares of Masco stock traded up $0.32 on Friday, hitting $67.75. The company's stock had a trading volume of 1,590,453 shares, compared to its average volume of 2,092,883. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The firm has a fifty day moving average price of $64.30 and a 200-day moving average price of $68.32. The company has a market capitalization of $14.29 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 2.77 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The construction company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.05). Masco had a net margin of 10.30% and a return on equity of 1,320.76%. The business had revenue of $1.80 billion during the quarter, compared to analysts' expectations of $1.84 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. Masco's revenue for the quarter was down 6.5% on a year-over-year basis. As a group, analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 9th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.83%. Masco's payout ratio is currently 33.88%.

Masco Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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