5,000 Shares in Masco Corporation $MAS Bought by Corient IA LLC

Key Points

• Corient IA LLC has acquired a new position in Masco Corporation, purchasing 5,000 shares valued at approximately $348,000 during the first quarter.
• Masco Corporation reported an EPS of $1.30 for the last quarter, exceeding expectations by $0.22, despite a 1.9% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.31 per share, reflecting a 1.7% yield, with an ex-dividend date set for August 8th.

Corient IA LLC acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 5,000 shares of the construction company's stock, valued at approximately $348,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAS. Harvest Investment Advisors LLC grew its position in Masco by 0.7% in the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock valued at $1,604,000 after acquiring an additional 165 shares in the last quarter. Evermay Wealth Management LLC grew its holdings in shares of Masco by 25.1% in the first quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Masco by 8.2% in the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after purchasing an additional 204 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Masco by 4.9% in the first quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after purchasing an additional 208 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its holdings in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Trading Down 2.0%

Shares of NYSE MAS traded down $1.4560 during midday trading on Wednesday, hitting $73.0240. The stock had a trading volume of 2,418,619 shares, compared to its average volume of 2,739,881. The company has a market capitalization of $15.29 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.71 and a beta of 1.16. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a fifty day moving average price of $66.85 and a 200 day moving average price of $67.41.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.7%. Masco's payout ratio is 32.89%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MAS. UBS Group restated a "buy" rating and set a $80.00 target price (down from $91.00) on shares of Masco in a research note on Thursday, April 24th. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Evercore ISI lowered their price target on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a report on Wednesday, May 28th. One 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's stock. According to MarketBeat.com, Masco presently has an average rating of "Hold" and a consensus target price of $74.13.

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.