WINTON GROUP Ltd increased its holdings in Masco Corporation (NYSE:MAS – Free Report) by 40.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 376,678 shares of the construction company’s stock after purchasing an additional 108,788 shares during the quarter. Masco accounts for about 1.0% of WINTON GROUP Ltd’s holdings, making the stock its 9th largest holding. WINTON GROUP Ltd owned 0.19% of Masco worth $30,650,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Covestor Ltd raised its stake in shares of Masco by 20.7% during the 4th quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after buying an additional 142 shares during the period. Ritholtz Wealth Management grew its stake in Masco by 3.9% in the 1st quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock valued at $242,000 after acquiring an additional 150 shares during the period. Andina Capital Management LLC grew its stake in Masco by 2.4% in the 4th quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock valued at $417,000 after acquiring an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC increased its holdings in Masco by 3.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after acquiring an additional 167 shares in the last quarter. Finally, Fayez Sarofim & Co raised its position in Masco by 0.7% during the fourth quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock worth $1,655,000 after acquiring an additional 180 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.
Masco Stock Down 2.1%
Shares of NYSE MAS opened at $69.47 on Thursday. The company has a market capitalization of $13.70 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.73 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The company has a 50 day simple moving average of $75.56 and a 200-day simple moving average of $70.82. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64.
Masco Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s dividend payout ratio is currently 29.43%.
Wall Street Analyst Weigh In
MAS has been the subject of a number of research reports. DA Davidson initiated coverage on shares of Masco in a research note on Monday, August 24th. They set a “neutral” rating and a $80.00 target price for the company. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Truist Financial reduced their target price on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Citigroup decreased their target price on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Finally, UBS Group lowered their price target on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.88.
Read Our Latest Research Report on MAS
About Masco
Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.
The company’s product offerings are organized into two primary segments.
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