Ameriprise Financial Inc. Acquires 71,881 Shares of Masco Corporation $MAS

Key Points

• Ameriprise Financial Inc. increased its stake in Masco Corporation by 2.9%, acquiring an additional 71,881 shares, bringing its total ownership to approximately 1.20% valued at $176.3 million.
• Masco Corporation reported a quarterly earnings per share of $1.30, exceeding analysts' expectations by $0.22, while the company experienced a 1.9% decline in revenue year-over-year.
• Masco has announced a quarterly dividend of $0.31 per share, with an annualized yield of 1.6%, reflecting a payout ratio of 32.89%.

Ameriprise Financial Inc. boosted its holdings in Masco Corporation (NYSE:MAS - Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,535,098 shares of the construction company's stock after purchasing an additional 71,881 shares during the quarter. Ameriprise Financial Inc. owned about 1.20% of Masco worth $176,291,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after purchasing an additional 984,403 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after acquiring an additional 1,337,889 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Masco by 9.5% during the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock valued at $283,070,000 after acquiring an additional 337,164 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Masco by 4.2% during the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after acquiring an additional 155,351 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Masco by 12.4% during the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock valued at $200,456,000 after acquiring an additional 305,156 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Up 4.5%

Shares of NYSE:MAS opened at $75.57 on Friday. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.76 and a beta of 1.16. 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 business's 50 day moving average is $67.29 and its 200 day moving average is $67.29.

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. 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 for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The business's revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, sell-side analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be given 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 1.6%. Masco's payout ratio is currently 32.89%.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction 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 transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Wells Fargo & Company boosted their price objective on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Oppenheimer set a $79.00 price objective on Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Tuesday, July 22nd. Finally, Royal Bank Of Canada lifted their target price on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat.com, Masco 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.

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