Millburn Ridgefield LLC DE Invests $241,000 in Masco Co. (NYSE:MAS)

Millburn Ridgefield LLC DE acquired a new stake in Masco Co. (NYSE:MAS) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,461 shares of the construction company’s stock, valued at approximately $241,000.

Several other large investors have also recently made changes to their positions in the stock. Hillsdale Investment Management Inc. boosted its stake in shares of Masco by 5,050.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 10,300 shares of the construction company’s stock valued at $747,000 after purchasing an additional 10,100 shares during the period. Empower Advisory Group LLC raised its position in shares of Masco by 2.0% during the 4th quarter. Empower Advisory Group LLC now owns 1,016,079 shares of the construction company’s stock worth $73,737,000 after acquiring an additional 20,129 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Masco by 20.5% during the 4th quarter. Principal Securities Inc. now owns 11,337 shares of the construction company’s stock worth $823,000 after buying an additional 1,931 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Masco by 2.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 21,497 shares of the construction company’s stock valued at $1,560,000 after acquiring an additional 442 shares during the period. Finally, Elo Mutual Pension Insurance Co lifted its position in Masco by 25.6% during the 4th quarter. Elo Mutual Pension Insurance Co now owns 24,565 shares of the construction company’s stock worth $1,783,000 after acquiring an additional 5,001 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 2.5%

Masco stock opened at $65.30 on Wednesday. The firm has a 50 day simple moving average of $62.56 and a 200-day simple moving average of $70.97. Masco Co. has a 12-month low of $56.55 and a 12-month high of $86.70. The stock has a market capitalization of $13.77 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.75 and a quick ratio of 1.15.

Masco (NYSE:MAS) last released its quarterly earnings data 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). The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. The business’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. As a group, equities research analysts expect that Masco Co. will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 9th. Stockholders 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 1.90%. Masco’s dividend payout ratio is currently 33.88%.

Analysts Set New Price Targets

MAS has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Masco from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Barclays set a $71.00 price target on Masco and gave the stock an “overweight” rating in a research note on Thursday, April 24th. Truist Financial dropped their price target on Masco from $92.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Jefferies Financial Group lowered their price target on Masco from $64.00 to $62.00 and set a “hold” rating for the company in a report on Wednesday, April 23rd. Finally, The Goldman Sachs Group lowered their price target on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.63.

Masco Company 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.