Aberdeen Group plc Buys 5,556 Shares of Masco Corporation $MAS

Key Points

• Aberdeen Group plc increased its stake in Masco Corporation by 3.3%, now owning a total of 173,041 shares, worth approximately $11.1 million.
• Recent research reports have resulted in mixed analyst ratings for Masco; while Zacks upgraded the stock to a strong-buy, Baird downgraded it to a hold.
• Masco recently declared a quarterly dividend of $0.31, contributing to an annual yield of 1.8%, with a reported dividend payout ratio of 32.89%.

Aberdeen Group plc grew its stake in Masco Corporation (NYSE:MAS - Free Report) by 3.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 173,041 shares of the construction company's stock after acquiring an additional 5,556 shares during the period. Aberdeen Group plc owned 0.08% of Masco worth $11,137,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. raised its stake in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in shares of Masco in the first quarter worth about $29,000. Costello Asset Management INC bought a new position in shares of Masco in the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco in the first quarter worth about $33,000. Finally, Steph & Co. bought a new position in shares of Masco in the second quarter worth about $39,000. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

MAS has been the subject of a number of recent research reports. Zacks Research raised shares of Masco from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada boosted their price target on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Two 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's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $74.60.

Insider Activity at Masco

In other news, insider Jai Shah sold 82,910 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Masco Stock Down 0.8%

Shares of NYSE:MAS opened at $67.58 on Thursday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.20. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market capitalization of $14.15 billion, a PE ratio of 17.93, a PEG ratio of 2.49 and a beta of 1.18. The company has a 50 day moving average price of $71.82 and a two-hundred day moving average price of $66.75.

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

Masco Dividend Announcement

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