Amundi Has $145.25 Million Stock Position in Masco Corporation $MAS

Key Points

• Amundi increased its stake in Masco Corporation by 13.7% during the first quarter, now owning approximately 1.01% of the company with a total value of $145.25 million.
• Masco's latest quarterly earnings exceeded expectations, reporting $1.30 earnings per share, surpassing the consensus estimate of $1.08.
• The company has declared a quarterly dividend of $0.31, which approximates to an annual dividend yield of 1.7%, with a current payout ratio of 32.89%.

Amundi boosted its holdings in Masco Corporation (NYSE:MAS - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,132,663 shares of the construction company's stock after acquiring an additional 257,572 shares during the quarter. Amundi owned 1.01% of Masco worth $145,254,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MAS. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Masco in the first quarter worth approximately $29,000. Costello Asset Management INC purchased a new position in Masco during the 1st quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Masco during the first quarter valued at $33,000. Finally, Stone House Investment Management LLC purchased a new position in Masco during the 1st quarter valued at about $50,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Trading Up 0.1%

MAS traded up $0.07 during trading on Wednesday, reaching $73.52. 342,485 shares of the company's stock were exchanged, compared to its average volume of 2,145,902. 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 Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company's fifty day moving average price is $69.92 and its 200-day moving average price is $67.01. The firm has a market capitalization of $15.39 billion, a PE ratio of 19.47, a P/E/G ratio of 2.77 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm 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 company's revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, equities analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a dividend of $0.31 per share. 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%.

Analyst Ratings Changes

A number of analysts recently issued reports on MAS shares. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Wells Fargo & Company upped their price objective on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Finally, Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $74.13.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the 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 owned 12,036 shares of the company's stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of 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. Corporate insiders own 0.50% of the company's stock.

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.