Donald L. Hagan LLC Has $1.36 Million Stock Holdings in Masco Co. (NYSE:MAS)

Donald L. Hagan LLC lifted its position in Masco Co. (NYSE:MAS) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,534 shares of the construction company’s stock after acquiring an additional 700 shares during the period. Donald L. Hagan LLC’s holdings in Masco were worth $1,358,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Masco by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 5,129,771 shares of the construction company’s stock worth $371,265,000 after buying an additional 58,739 shares during the period. Northern Trust Corp grew its stake in shares of Masco by 9.5% in the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company’s stock valued at $283,070,000 after buying an additional 337,164 shares in the last quarter. Van ECK Associates Corp lifted its holdings in Masco by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 3,250,400 shares of the construction company’s stock valued at $235,881,000 after purchasing an additional 299,520 shares during the last quarter. Invesco Ltd. lifted its holdings in Masco by 14.7% during the 4th quarter. Invesco Ltd. now owns 2,821,629 shares of the construction company’s stock valued at $204,766,000 after purchasing an additional 360,931 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Masco by 12.4% during the 4th quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company’s stock valued at $200,456,000 after purchasing an additional 305,156 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Robert W. Baird dropped their target price on Masco from $72.00 to $70.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Loop Capital set a $62.00 price target on Masco and gave the stock a “hold” rating in a report on Thursday, April 24th. Jefferies Financial Group reduced their target price on Masco from $64.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, April 23rd. Evercore ISI dropped their price target on Masco from $82.00 to $71.00 and set an “in-line” rating on the stock in a research note on Thursday, April 24th. Finally, Truist Financial lowered their target price on Masco from $92.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $73.63.

Masco Stock Performance

Shares of MAS stock opened at $63.79 on Friday. The stock has a market cap of $13.46 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 1.94 and a beta of 1.19. Masco Co. has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a quick ratio of 1.15, a current ratio of 1.75 and a debt-to-equity ratio of 20.74. The business has a 50-day simple moving average of $62.64 and a 200-day simple moving average of $70.79.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 23rd. The construction company reported $0.87 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.05). The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Masco had a return on equity of 838.32% and a net margin of 10.50%. Masco’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities analysts expect that Masco Co. will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 9th. Investors of record on Friday, May 23rd were given a $0.31 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.24 annualized dividend and a yield of 1.94%. Masco’s payout ratio is 33.88%.

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.