DekaBank Deutsche Girozentrale Has $24.11 Million Stock Position in Masco Corporation $MAS

Key Points

• DekaBank Deutsche Girozentrale holds a $24.11 million stake in Masco Corporation (NYSE: MAS), having decreased its position by 1.1% in the second quarter.
• Masco recently reported Q2 earnings of $1.30 per share, exceeding analysts' estimates and showing a revenue of $2.05 billion.
• The company declared a quarterly dividend of $0.31 per share, resulting in an annualized yield of 1.8%, with a dividend payout ratio of 32.89%.

DekaBank Deutsche Girozentrale decreased its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 376,778 shares of the construction company's stock after selling 4,088 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.18% of Masco worth $24,105,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in MAS. Nuveen LLC acquired a new position in shares of Masco during the 1st quarter worth approximately $126,057,000. Wealthquest Corp acquired a new position in shares of Masco during the 1st quarter worth approximately $111,722,000. Invesco Ltd. increased its position in shares of Masco by 47.4% during the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after purchasing an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Masco by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after purchasing an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Masco by 3,597.0% during the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock worth $66,723,000 after purchasing an additional 933,537 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Transactions at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction dated 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 transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction dated 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 transaction, the insider directly 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. 0.50% of the stock is owned by corporate insiders.

Masco Stock Performance

MAS opened at $68.96 on Thursday. The business has a fifty day simple moving average of $71.62 and a 200 day simple moving average of $66.79. The company has a market capitalization of $14.44 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.77 and a beta of 1.18. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $83.10.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share 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 firm had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.20 EPS. The company'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. Research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio is presently 32.89%.

Wall Street Analyst Weigh In

MAS has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Monday. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, July 22nd. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Finally, Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $73.86.

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.

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