Perella Weinberg Partners Capital Management LP acquired a new position in Masco Corp (NYSE:MAS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,629 shares of the construction company’s stock, valued at approximately $3,949,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in Masco in the 1st quarter valued at $29,000. Ellis Investment Partners LLC bought a new position in Masco in the 1st quarter valued at $38,000. Zions Bancorporation N.A. bought a new position in Masco in the 1st quarter valued at $44,000. SevenBridge Financial Group LLC boosted its holdings in Masco by 271.3% in the 2nd quarter. SevenBridge Financial Group LLC now owns 1,218 shares of the construction company’s stock valued at $48,000 after purchasing an additional 890 shares during the period. Finally, NuWave Investment Management LLC boosted its holdings in Masco by 305.1% in the 2nd quarter. NuWave Investment Management LLC now owns 1,260 shares of the construction company’s stock valued at $50,000 after purchasing an additional 949 shares during the period. 90.02% of the stock is owned by institutional investors.
Shares of Masco stock traded up $0.81 on Friday, hitting $39.97. 3,474,697 shares of the company traded hands, compared to its average volume of 2,917,519. The company’s 50-day simple moving average is $39.12. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 39.03. The company has a market capitalization of $11.80 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.71 and a beta of 1.44. Masco Corp has a 12-month low of $27.03 and a 12-month high of $42.58.
Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 25th. The construction company reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.07. The firm had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Masco had a net margin of 8.77% and a return on equity of 792.80%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company posted $0.75 EPS. Research analysts forecast that Masco Corp will post 2.66 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 12th. Stockholders of record on Friday, July 12th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Thursday, July 11th. Masco’s dividend payout ratio (DPR) is currently 19.20%.
Several brokerages have commented on MAS. Zelman & Associates raised shares of Masco from a “hold” rating to a “buy” rating in a report on Monday, April 29th. TheStreet downgraded shares of Masco from a “b” rating to a “c+” rating in a report on Friday, July 26th. Bank of America reissued a “buy” rating and issued a $56.00 price target (up from $43.00) on shares of Masco in a report on Monday, May 6th. Royal Bank of Canada set a $45.00 price target on shares of Masco and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Robert W. Baird set a $48.00 price target on shares of Masco and gave the company a “buy” rating in a report on Friday, July 26th. Five equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $45.31.
Masco Company Profile
Masco Corporation designs, manufactures, and distributes home improvement and building products worldwide. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, toilets, acrylic tubs, shower trays, spas, exercise pools, fitness systems, and other non-decorative plumbing products; brass, copper, and composite plumbing system components; and thermoplastic extrusions, extruded plastic profiles, and specialized fabrications.
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