XTX Topco Ltd Has $1.12 Million Stock Holdings in Masco Co. (NYSE:MAS)

XTX Topco Ltd boosted its position in shares of Masco Co. (NYSE:MAS) by 87.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,717 shares of the construction company’s stock after purchasing an additional 7,784 shares during the quarter. XTX Topco Ltd’s holdings in Masco were worth $1,115,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MAS. Norges Bank acquired a new position in shares of Masco in the 4th quarter valued at $122,144,000. Intech Investment Management LLC acquired a new position in Masco in the fourth quarter valued at about $975,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Masco by 14.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 542,096 shares of the construction company’s stock worth $42,245,000 after acquiring an additional 67,806 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Masco during the first quarter worth about $1,903,000. Finally, Manning & Napier Advisors LLC bought a new position in shares of Masco during the 2nd quarter valued at about $82,363,000. Institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In other news, VP Kenneth G. Cole sold 37,814 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $78.32, for a total value of $2,961,592.48. Following the completion of the sale, the vice president now directly owns 36,980 shares of the company’s stock, valued at $2,896,273.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on MAS shares. BMO Capital Markets raised their target price on shares of Masco from $75.00 to $78.00 and gave the stock a “market perform” rating in a report on Wednesday, July 31st. Truist Financial raised their price objective on shares of Masco from $81.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Robert W. Baird upped their target price on shares of Masco from $84.00 to $88.00 and gave the stock an “outperform” rating in a research note on Friday, July 26th. Barclays lifted their price target on Masco from $79.00 to $88.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Citigroup reduced their price objective on Masco from $73.00 to $66.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $77.58.

Masco Stock Down 1.4 %

NYSE:MAS opened at $82.11 on Friday. Masco Co. has a twelve month low of $47.66 and a twelve month high of $83.56. The firm has a market capitalization of $18.08 billion, a price-to-earnings ratio of 20.13, a price-to-earnings-growth ratio of 2.45 and a beta of 1.24. The company has a quick ratio of 1.12, a current ratio of 1.76 and a debt-to-equity ratio of 16.18. The stock’s 50 day moving average price is $76.49 and its two-hundred day moving average price is $73.07.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 25th. The construction company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.02. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. Masco had a net margin of 11.59% and a return on equity of 602.39%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.19 earnings per share. Equities research analysts expect that Masco Co. will post 4.11 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Friday, August 2nd were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Friday, August 2nd. Masco’s payout ratio is currently 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.