Algert Global LLC Buys 15,980 Shares of Masco Corporation $MAS

Key Points

• Algert Global LLC significantly increased its stake in Masco Corporation by 61.2%, now holding 42,100 shares valued at approximately $2.93 million.
• Masco announced a quarterly dividend of $0.31 per share, which will be paid on August 25th, resulting in an annualized dividend yield of 1.7%.
• The company recently reported $1.30 earnings per share for the quarter, exceeding analysts' estimates, despite a 1.9% decline in revenue year-over-year.

Algert Global LLC boosted its holdings in Masco Corporation (NYSE:MAS - Free Report) by 61.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,100 shares of the construction company's stock after acquiring an additional 15,980 shares during the quarter. Algert Global LLC's holdings in Masco were worth $2,928,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in MAS. Global X Japan Co. Ltd. increased its position in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Masco during the 1st quarter valued at $29,000. Costello Asset Management INC acquired a new position in shares of Masco during the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco during the 1st quarter valued at $33,000. Finally, GeoWealth Management LLC increased its position in shares of Masco by 89.0% during the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MAS has been the subject of several research reports. Loop Capital reissued a "hold" rating and set a $73.00 price objective (up from $62.00) on shares of Masco in a research note on Monday, August 4th. JPMorgan Chase & Co. raised their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. Barclays lifted their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of "Hold" and a consensus price target of $74.13.

Masco Stock Performance

Shares of NYSE MAS traded down $0.8360 during trading hours on Monday, hitting $74.7440. 755,124 shares of the company's stock were exchanged, compared to its average volume of 2,153,831. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The stock has a market capitalization of $15.65 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.76 and a beta of 1.16. The company's 50-day moving average price is $67.29 and its 200-day moving average price is $67.21.

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

Masco Announces Dividend

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

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.