AXQ Capital LP Invests $2.25 Million in Masco Corporation $MAS

Key Points

• AXQ Capital initiated a $2.25 million position in Masco during the second quarter by purchasing 27,686 shares. Institutional investors collectively own approximately 93.91% of Masco’s outstanding stock.
• Analyst sentiment is mixed, with seven Buy ratings, 11 Holds, and one Sell; the consensus rating is Hold with an average price target of $79.88.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus estimate, although revenue fell 2.9% year over year to $1.99 billion. The company also declared a quarterly dividend of $0.32 per share, representing a 1.8% yield.

AXQ Capital LP bought a new stake in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund bought 27,686 shares of the construction company's stock, valued at approximately $2,253,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAS. iSAM Funds UK Ltd acquired a new stake in Masco in the 2nd quarter valued at $749,000. Continuum Advisory LLC purchased a new stake in Masco during the 2nd quarter worth approximately $119,000. Nykredit A S acquired a new position in shares of Masco during the second quarter valued at approximately $2,535,000. Tranquilli Financial Advisor LLC acquired a new position in shares of Masco during the second quarter valued at approximately $202,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Masco in the second quarter valued at approximately $407,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MAS. Citigroup lowered their price target on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Zacks Research lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Truist Financial dropped their target price on shares of Masco from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Barclays decreased their price target on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $79.88.

Masco Stock Performance

Shares of MAS stock opened at $72.74 on Friday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The firm has a market cap of $14.34 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.74 and a beta of 1.30. The firm's 50 day moving average price is $76.17 and its 200-day moving average price is $70.95. Masco Corporation has a one year low of $58.16 and a one year high of $83.64.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the firm earned $1.30 EPS. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that Masco Corporation will post 4.52 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco's dividend payout ratio (DPR) is currently 29.43%.

Masco Profile

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company's product offerings are organized into two primary segments.

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