Altrinsic Global Advisors LLC Cuts Position in Masco Corporation $MAS

Key Points

• Altrinsic Global Advisors LLC reduced its stake in Masco Corporation by 3.9%, selling 5,223 shares and holding a total of 130,095 shares valued at approximately $9.05 million.
• Masco recently declared a quarterly dividend of $0.31 per share, resulting in an annualized dividend of $1.24 and a dividend yield of 1.7%.
• The company reported better-than-expected quarterly earnings, with $1.30 earnings per share, exceeding analyst estimates of $1.08.

Altrinsic Global Advisors LLC lowered its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 130,095 shares of the construction company's stock after selling 5,223 shares during the period. Altrinsic Global Advisors LLC owned 0.06% of Masco worth $9,047,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Global X Japan Co. Ltd. boosted 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 valued at $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Masco during the 1st quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Masco during the 1st quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the 1st quarter worth about $33,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Masco during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business'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 completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.50% of the company's stock.

Masco Price Performance

MAS stock opened at $74.5190 on Tuesday. 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 52-week low of $56.55 and a 52-week high of $86.70. The stock's 50 day moving average is $67.53 and its two-hundred day moving average is $67.20. The company has a market capitalization of $15.60 billion, a PE ratio of 19.77, a P/E/G ratio of 2.76 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.20 EPS. 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 predict 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 was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is 32.89%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAS. Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. raised their target price on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Finally, Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average 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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.