nVerses Capital LLC Makes New $827,000 Investment in Masco Co. (NYSE:MAS)

nVerses Capital LLC bought a new position in shares of Masco Co. (NYSE:MAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,400 shares of the construction company's stock, valued at approximately $827,000. Masco makes up 0.5% of nVerses Capital LLC's holdings, making the stock its 12th largest position.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC boosted its position in shares of Masco by 12,355.4% during the 4th quarter. International Assets Investment Management LLC now owns 15,071 shares of the construction company's stock worth $1,009,000 after purchasing an additional 14,950 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Masco by 22.0% during the fourth quarter. Russell Investments Group Ltd. now owns 168,661 shares of the construction company's stock worth $11,312,000 after buying an additional 30,412 shares in the last quarter. Savant Capital LLC grew its position in Masco by 8.8% during the fourth quarter. Savant Capital LLC now owns 6,989 shares of the construction company's stock worth $468,000 after buying an additional 563 shares during the period. Amalgamated Bank increased its holdings in Masco by 6.9% in the fourth quarter. Amalgamated Bank now owns 66,595 shares of the construction company's stock valued at $4,461,000 after buying an additional 4,289 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Masco by 87,241.0% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 117,037 shares of the construction company's stock valued at $7,840,000 after acquiring an additional 116,903 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research reports. Truist Financial upped their price target on Masco from $81.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Barclays boosted their price objective on shares of Masco from $79.00 to $88.00 and gave the stock an "overweight" rating in a research report on Friday, July 26th. Robert W. Baird raised their target price on shares of Masco from $84.00 to $88.00 and gave the company an "outperform" rating in a report on Friday, July 26th. Citigroup reduced their price target on shares of Masco from $73.00 to $66.00 and set a "neutral" rating on the stock in a report on Thursday, July 11th. Finally, Jefferies Financial Group raised their price objective on shares of Masco from $83.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, July 17th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $77.58.

Masco Trading Up 0.9 %

Shares of Masco stock traded up $0.70 during trading hours on Friday, reaching $79.56. 1,285,485 shares of the company's stock were exchanged, compared to its average volume of 1,913,237. Masco Co. has a 52-week low of $47.66 and a 52-week high of $81.91. The company has a fifty day moving average of $72.75 and a 200-day moving average of $72.62. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 16.18. The firm has a market capitalization of $17.52 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.39 and a beta of 1.24.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.02. The firm had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a return on equity of 602.39% and a net margin of 11.59%. The firm's revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Sell-side analysts forecast that Masco Co. will post 4.1 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.46%. The ex-dividend date was Friday, August 2nd. Masco's dividend payout ratio (DPR) is 28.43%.

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.