3,180 Shares in Masco Co. (NYSE:MAS) Bought by NEOS Investment Management LLC

NEOS Investment Management LLC purchased a new position in Masco Co. (NYSE:MASFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,180 shares of the construction company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Masco during the fourth quarter valued at $122,144,000. Lazard Asset Management LLC increased its stake in Masco by 1,307.8% during the third quarter. Lazard Asset Management LLC now owns 686,794 shares of the construction company’s stock valued at $36,708,000 after purchasing an additional 638,010 shares during the last quarter. Acadian Asset Management LLC increased its stake in Masco by 443.5% during the third quarter. Acadian Asset Management LLC now owns 502,157 shares of the construction company’s stock valued at $26,829,000 after purchasing an additional 409,767 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Masco by 87.3% during the third quarter. Qube Research & Technologies Ltd now owns 815,888 shares of the construction company’s stock valued at $43,609,000 after purchasing an additional 380,267 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Masco by 15.4% during the third quarter. Invesco Ltd. now owns 2,561,153 shares of the construction company’s stock valued at $136,894,000 after purchasing an additional 342,476 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of Masco stock opened at $66.03 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.09 and a debt-to-equity ratio of 18.76. The company’s 50-day moving average price is $71.45 and its two-hundred day moving average price is $70.10. Masco Co. has a 52 week low of $47.66 and a 52 week high of $78.94. The stock has a market cap of $14.54 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of 1.78 and a beta of 1.27.

Masco (NYSE:MASGet Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The construction company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. Masco had a net margin of 11.60% and a return on equity of 865.37%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the business earned $0.87 earnings per share. Masco’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Masco Co. will post 4.11 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Friday, May 24th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.16 annualized dividend and a yield of 1.76%. Masco’s payout ratio is presently 28.43%.

Analyst Upgrades and Downgrades

MAS has been the subject of several analyst reports. Evercore ISI reduced their price target on shares of Masco from $75.00 to $74.00 and set an “in-line” rating for the company in a report on Thursday, April 25th. Truist Financial boosted their price target on shares of Masco from $65.00 to $81.00 and gave the company a “buy” rating in a report on Friday, February 9th. Royal Bank of Canada boosted their price target on shares of Masco from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Citigroup boosted their price target on shares of Masco from $74.00 to $79.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Finally, Loop Capital reduced their price target on shares of Masco from $79.00 to $76.00 and set a “hold” rating for the company in a report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.15.

View Our Latest Research Report on Masco

Masco 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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