Dynamic Technology Lab Private Ltd Increases Stock Position in Masco Corporation $MAS

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Masco Corporation by 1,026.9%, acquiring 39,589 shares and making it the firm's 21st largest holding.
• Masco's latest quarterly earnings report showed $1.30 earnings per share, beating estimates by $0.22, with a revenue of $2.05 billion.
• The company announced a quarterly dividend of $0.31 per share, with a dividend yield of 1.6% and a payout ratio of 32.89%.

Dynamic Technology Lab Private Ltd lifted its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 1,026.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,589 shares of the construction company's stock after acquiring an additional 36,076 shares during the quarter. Masco accounts for 0.4% of Dynamic Technology Lab Private Ltd's portfolio, making the stock its 21st largest holding. Dynamic Technology Lab Private Ltd's holdings in Masco were worth $2,753,000 as of its most recent filing with the Securities & Exchange Commission.

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

Wall Street Analysts Forecast Growth

MAS has been the topic of several research reports. Loop Capital restated a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Royal Bank Of Canada increased their price target on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Oppenheimer set a $79.00 price target on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. Finally, Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of "Hold" and an average price target of $74.60.

Masco Price Performance

Shares of MAS stock traded down $1.09 during trading on Friday, hitting $74.13. The company had a trading volume of 563,393 shares, compared to its average volume of 2,144,008. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The firm has a market capitalization of $15.52 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 2.67 and a beta of 1.19. The stock's 50-day moving average price is $70.22 and its 200 day moving average price is $67.06. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

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, topping the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

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

Insiders Place Their Bets

In other Masco news, insider Jai Shah sold 82,910 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the sale, the insider owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

About Masco

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.