GSA Capital Partners LLP acquired a new stake in Masco Corporation (NYSE:MAS – Free Report) in the second quarter, Holdings Channel reports. The firm acquired 20,600 shares of the construction company’s stock, valued at approximately $1,676,000.
Other large investors have also bought and sold shares of the company. Bard Associates Inc. acquired a new position in Masco during the 4th quarter worth about $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Masco in the third quarter valued at about $26,000. Bogart Wealth LLC raised its position in shares of Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after acquiring an additional 408 shares during the last quarter. Headlands Technologies LLC lifted its stake in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after acquiring an additional 293 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Masco during the 2nd quarter valued at approximately $37,000. 93.91% of the stock is owned by institutional investors.
Masco Stock Performance
Shares of Masco stock opened at $74.27 on Monday. The business’s fifty day simple moving average is $76.62 and its 200 day simple moving average is $70.77. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The firm has a market capitalization of $14.65 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30.
Masco announced that its Board of Directors has initiated a stock buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
Masco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.28 annualized dividend and a yield of 1.7%. Masco’s payout ratio is currently 29.43%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Citigroup lowered their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. BMO Capital Markets dropped their target price on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. The Goldman Sachs Group lifted their target price on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. UBS Group lowered their price target on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Finally, Robert W. Baird lifted their price objective on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.87.
Read Our Latest Stock Analysis on Masco
Masco Profile
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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