111 Capital Sells 19,704 Shares of Masco Corporation $MAS

Key Points

• 111 Capital reduced its stake in Masco Corporation by 81.9%, selling 19,704 shares, and now holds only 4,364 shares valued at $281,000.
• Several hedge funds have increased their holdings in Masco, with Global X Japan Co. Ltd. growing its stake by 120.2%, demonstrating ongoing institutional interest.
• Analysts have adjusted their price targets for Masco, with Wells Fargo raising its target to $80.00 and maintaining an "equal weight" rating, indicating a positive short-term outlook for the stock.

111 Capital lessened its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 81.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,364 shares of the construction company's stock after selling 19,704 shares during the quarter. 111 Capital's holdings in Masco were worth $281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco during the first quarter worth $29,000. Costello Asset Management INC bought a new stake in shares of Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco in the first quarter worth $33,000. Finally, Steph & Co. bought a new stake in shares of Masco in the second quarter worth $39,000. Institutional investors own 93.91% of the company's stock.

Insider Activity

In other news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Loop Capital reissued a "hold" rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their price objective on shares of Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of Masco in a research note on Saturday, September 27th. Finally, Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $74.60.

Masco Price Performance

MAS stock opened at $68.82 on Tuesday. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.57 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The company's fifty day simple moving average is $71.96 and its 200 day simple moving average is $66.83.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. Masco's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco's dividend payout ratio is currently 32.89%.

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.

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