Kera Capital Partners Inc. Makes New Investment in Masco Co. (NYSE:MAS)

Kera Capital Partners Inc. acquired a new stake in shares of Masco Co. (NYSE:MAS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,646 shares of the construction company’s stock, valued at approximately $265,000.

A number of other hedge funds also recently made changes to their positions in MAS. Dimensional Fund Advisors LP raised its position in Masco by 12.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,137,450 shares of the construction company’s stock valued at $75,834,000 after purchasing an additional 122,705 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Masco during the 2nd quarter valued at about $1,509,000. Vanguard Personalized Indexing Management LLC increased its position in shares of Masco by 14.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 21,162 shares of the construction company’s stock valued at $1,411,000 after purchasing an additional 2,621 shares during the last quarter. Blair William & Co. IL lifted its position in Masco by 3.3% in the 2nd quarter. Blair William & Co. IL now owns 9,830 shares of the construction company’s stock worth $655,000 after buying an additional 314 shares during the last quarter. Finally, Elo Mutual Pension Insurance Co lifted its position in Masco by 24.1% in the 2nd quarter. Elo Mutual Pension Insurance Co now owns 16,741 shares of the construction company’s stock worth $1,116,000 after buying an additional 3,254 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Oppenheimer raised shares of Masco from a “market perform” rating to an “outperform” rating and set a $89.00 price target on the stock in a research note on Friday, January 10th. Truist Financial lifted their target price on shares of Masco from $84.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Robert W. Baird lowered their price target on shares of Masco from $95.00 to $94.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. UBS Group raised their price objective on Masco from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, StockNews.com lowered Masco from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus price target of $86.27.

Masco Trading Up 1.0 %

MAS opened at $78.29 on Friday. Masco Co. has a one year low of $63.81 and a one year high of $86.70. The company has a debt-to-equity ratio of 20.74, a current ratio of 1.83 and a quick ratio of 1.21. The business has a 50 day simple moving average of $76.79 and a two-hundred day simple moving average of $77.63. The firm has a market capitalization of $16.89 billion, a price-to-earnings ratio of 20.82, a PEG ratio of 2.17 and a beta of 1.25.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Friday, November 8th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend was Friday, November 8th. Masco’s payout ratio is 30.85%.

About Masco

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.