Advisory Alpha LLC Takes Position in Masco Corporation $MAS

Key Points

• Advisory Alpha LLC has acquired 3,797 shares of Masco Corporation, valued at approximately $264,000, during the first quarter of 2023.
• Masco's most recent quarterly earnings reported an EPS of $1.30, exceeding estimates, with a revenue of $2.05 billion, down 1.9% year-over-year.
• The company has declared a quarterly dividend of $0.31, translating to an annualized yield of 1.7% and has a payout ratio of 32.89%.

Advisory Alpha LLC acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 3,797 shares of the construction company's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. MBB Public Markets I LLC bought a new position in Masco during the 1st quarter worth approximately $299,000. Caxton Associates LLP purchased a new position in shares of Masco in the 1st quarter valued at approximately $1,341,000. Voleon Capital Management LP lifted its stake in shares of Masco by 960.4% in the 1st quarter. Voleon Capital Management LP now owns 42,004 shares of the construction company's stock valued at $2,921,000 after purchasing an additional 38,043 shares during the period. Dynamic Technology Lab Private Ltd lifted its stake in shares of Masco by 1,026.9% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 39,589 shares of the construction company's stock valued at $2,753,000 after purchasing an additional 36,076 shares during the period. Finally, Teza Capital Management LLC raised its stake in Masco by 13.2% during the first quarter. Teza Capital Management LLC now owns 4,758 shares of the construction company's stock valued at $331,000 after buying an additional 553 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider owned 39,638 shares of the company's stock, valued at approximately $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 owned by corporate insiders.

Masco Trading Down 0.2%

MAS opened at $73.30 on Thursday. The stock has a market cap of $15.35 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 2.68 and a beta of 1.19. The stock's 50 day moving average price is $70.04 and its 200-day moving average price is $67.05. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.7%. Masco's dividend payout ratio is 32.89%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Oppenheimer set a $79.00 price objective on Masco and gave the company an "outperform" rating in a research note on Monday, August 4th. Barclays lifted their price objective on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. lifted their price objective on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Loop Capital reissued a "hold" rating and set a $73.00 price target (up previously from $62.00) on shares of Masco in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.13.

Masco 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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