GAMMA Investing LLC Acquires 686 Shares of Masco Co. (NYSE:MAS)

GAMMA Investing LLC grew its holdings in shares of Masco Co. (NYSE:MAS) by 9.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,732 shares of the construction company’s stock after buying an additional 686 shares during the period. GAMMA Investing LLC’s holdings in Masco were worth $561,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Franklin Resources Inc. boosted its stake in Masco by 20.6% during the third quarter. Franklin Resources Inc. now owns 331,883 shares of the construction company’s stock worth $28,147,000 after acquiring an additional 56,626 shares in the last quarter. Seizert Capital Partners LLC grew its stake in shares of Masco by 21.7% in the 3rd quarter. Seizert Capital Partners LLC now owns 540,437 shares of the construction company’s stock valued at $45,364,000 after buying an additional 96,415 shares during the period. Hsbc Holdings PLC increased its position in Masco by 11.6% in the 2nd quarter. Hsbc Holdings PLC now owns 465,033 shares of the construction company’s stock valued at $30,932,000 after buying an additional 48,379 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Masco by 14.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 142,443 shares of the construction company’s stock worth $9,497,000 after buying an additional 18,287 shares during the period. Finally, National Bank of Canada FI boosted its holdings in Masco by 22.7% in the second quarter. National Bank of Canada FI now owns 62,323 shares of the construction company’s stock worth $4,033,000 after acquiring an additional 11,525 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAS shares. Loop Capital boosted their price objective on Masco from $76.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, October 30th. UBS Group boosted their price target on shares of Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Truist Financial raised their price objective on shares of Masco from $84.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. BMO Capital Markets boosted their target price on shares of Masco from $78.00 to $85.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada cut shares of Masco from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $79.00 to $80.00 in a research report on Wednesday, October 30th. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $85.88.

Masco Stock Performance

Shares of Masco stock opened at $72.20 on Monday. The firm has a market capitalization of $15.58 billion, a P/E ratio of 19.20, a price-to-earnings-growth ratio of 2.55 and a beta of 1.25. The company has a current ratio of 1.83, a quick ratio of 1.21 and a debt-to-equity ratio of 20.74. The business’s fifty day simple moving average is $78.06 and its 200 day simple moving average is $77.16. Masco Co. has a 12 month low of $63.60 and a 12 month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, October 29th. The construction company reported $1.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.08. Masco had a net margin of 10.54% and a return on equity of 615.54%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s quarterly revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Masco Co. will post 4.09 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 8th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.61%. Masco’s dividend payout ratio (DPR) is presently 30.85%.

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.