Intellectus Partners LLC increased its holdings in shares of Masco Co. (NYSE:MAS) by 160.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,354 shares of the construction company’s stock after purchasing an additional 6,380 shares during the quarter. Intellectus Partners LLC’s holdings in Masco were worth $610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. Algert Global LLC bought a new position in shares of Masco during the second quarter valued at $315,000. Natixis lifted its holdings in shares of Masco by 9.2% during the second quarter. Natixis now owns 18,745 shares of the construction company’s stock valued at $1,104,000 after purchasing an additional 1,574 shares in the last quarter. Alpha Paradigm Partners LLC lifted its holdings in shares of Masco by 62.7% during the second quarter. Alpha Paradigm Partners LLC now owns 5,824 shares of the construction company’s stock valued at $343,000 after purchasing an additional 2,245 shares in the last quarter. Congress Park Capital LLC lifted its holdings in shares of Masco by 3.2% during the second quarter. Congress Park Capital LLC now owns 9,800 shares of the construction company’s stock valued at $577,000 after purchasing an additional 300 shares in the last quarter. Finally, Jump Financial LLC lifted its holdings in shares of Masco by 46.7% during the second quarter. Jump Financial LLC now owns 6,308 shares of the construction company’s stock valued at $372,000 after purchasing an additional 2,008 shares in the last quarter. 92.02% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts recently commented on the company. Barclays reduced their price objective on Masco from $64.00 to $62.00 and set an “equal weight” rating for the company in a research report on Thursday, July 15th. Zacks Investment Research upgraded Masco from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, August 4th. Loop Capital reduced their price target on Masco from $63.00 to $60.00 and set a “hold” rating for the company in a research report on Monday, October 4th. JPMorgan Chase & Co. cut Masco from a “neutral” rating to an “underweight” rating and set a $61.00 price target for the company. in a research report on Wednesday, July 7th. Finally, The Goldman Sachs Group upgraded Masco from a “neutral” rating to a “buy” rating and upped their price target for the stock from $71.00 to $73.00 in a research report on Wednesday, June 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $66.57.
Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 29th. The construction company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.10. Masco had a return on equity of 379.98% and a net margin of 6.61%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.17 billion. On average, equities analysts predict that Masco Co. will post 3.7 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, August 30th. Investors of record on Friday, August 13th were paid a dividend of $0.235 per share. This represents a $0.94 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, August 12th. Masco’s payout ratio is presently 30.13%.
Masco Corp. engages in the design, manufacture, marketing and distribution of branded home improvement and building products. It operates through the following business segments: Plumbing Products and Decorative Architectural Products. The Plumbing Products segment includes faucets; plumbing fittings and valves; showerheads and hand showers; bathtubs and shower enclosures; toilets; spas, and exercise pools.
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