Masco Corporation $MAS Shares Bought by Brant Point Investment Management LLC

Key Points

• Brant Point Investment Management LLC increased its stake in Masco Corporation by 4.2%, acquiring an additional 3,427 shares, bringing their total holdings to 84,681 shares valued at approximately $5.89 million.
• Masco reported earnings of $1.30 per share for the last quarter, exceeding expectations, with a revenue of $2.05 billion, though down 1.9% year-over-year.
• 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%.

Brant Point Investment Management LLC increased its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,681 shares of the construction company's stock after acquiring an additional 3,427 shares during the quarter. Masco comprises approximately 0.7% of Brant Point Investment Management LLC's portfolio, making the stock its 18th largest holding. Brant Point Investment Management LLC's holdings in Masco were worth $5,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Global X Japan Co. Ltd. raised its stake in Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new position in Masco during the 1st quarter worth $29,000. Costello Asset Management INC purchased a new position in Masco during the 1st quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Masco during the 1st quarter worth $33,000. Finally, Stone House Investment Management LLC purchased a new position in Masco during the 1st quarter worth $50,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

Shares of NYSE MAS traded down $0.12 during midday trading on Monday, hitting $73.43. The company had a trading volume of 1,098,482 shares, compared to its average volume of 2,176,729. 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 twelve month low of $56.55 and a twelve month high of $86.70. The business has a 50-day simple moving average of $68.57 and a two-hundred day simple moving average of $67.09. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.

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

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is 32.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAS. Royal Bank Of Canada raised their price objective on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Barclays lifted their target price on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Robert W. Baird downgraded shares of 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, Masco has a consensus rating of "Hold" and an average price target of $74.13.

Insider Transactions at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. 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.