Masco Corporation $MAS Shares Acquired by Caisse DE Depot ET Placement DU Quebec

Key Points

• Caisse DE Depot ET Placement DU Quebec has increased its ownership in Masco Corporation by 17.6%, now holding 185,791 shares valued at approximately $12.92 million.
• The company's latest quarterly earnings exceeded expectations, reporting an EPS of $1.30 against a consensus estimate of $1.08, while revenue was slightly down compared to last year.
• Masco has declared a $0.31 quarterly dividend with a yield of 1.7%, with a payout ratio of 32.89% of earnings.

Caisse DE Depot ET Placement DU Quebec grew its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 17.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 185,791 shares of the construction company's stock after acquiring an additional 27,757 shares during the quarter. Caisse DE Depot ET Placement DU Quebec owned about 0.09% of Masco worth $12,920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MAS. Price T Rowe Associates Inc. MD boosted its position in shares of Masco by 1.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 316,935 shares of the construction company's stock valued at $23,001,000 after acquiring an additional 4,420 shares during the last quarter. MGO One Seven LLC bought a new stake in Masco in the fourth quarter worth $207,000. Integrated Wealth Concepts LLC lifted its position in Masco by 71.3% in the fourth quarter. Integrated Wealth Concepts LLC now owns 4,874 shares of the construction company's stock worth $354,000 after buying an additional 2,029 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its position in Masco by 2.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 21,497 shares of the construction company's stock worth $1,560,000 after buying an additional 442 shares during the last quarter. Finally, Boothbay Fund Management LLC lifted its position in Masco by 140.1% in the fourth quarter. Boothbay Fund Management LLC now owns 11,110 shares of the construction company's stock worth $806,000 after buying an additional 6,482 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

Shares of Masco stock traded down $0.12 on Monday, reaching $73.43. The company's stock had a trading volume of 1,098,482 shares, compared to its average volume of 2,176,729. The company has a market capitalization of $15.37 billion, a P/E ratio of 19.48, a PEG ratio of 2.68 and a beta of 1.19. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The stock has a 50-day moving average price of $68.57 and a 200-day moving average price of $67.09. 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 (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS 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 analysts' expectations of $2 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The business's revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company 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. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is presently 32.89%.

Analyst Ratings Changes

A number of analysts recently issued reports on MAS shares. Loop Capital restated a "hold" rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their price target on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Barclays lifted their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Royal Bank Of Canada raised their price target on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $74.13.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction on Tuesday, August 19th. The shares were 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. The trade was a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.