FORA Capital LLC Has $815,000 Stock Holdings in Masco Corporation $MAS

Key Points

• FORA Capital LLC reduced its stake in Masco Corporation by 44.8%, owning 11,716 shares worth $815,000 after selling 9,522 shares in the first quarter.
• Masco reported $1.30 earnings per share (EPS), exceeding analysts' estimates, with a revenue of $2.05 billion for the quarter, despite a year-over-year decline of 1.9% in revenue.
• The company's quarterly dividend of $0.31 per share was recently paid, with an annual yield of 1.7%, and a payout ratio of 32.89%.

FORA Capital LLC lowered its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 44.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,716 shares of the construction company's stock after selling 9,522 shares during the period. FORA Capital LLC's holdings in Masco were worth $815,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Caisse DE Depot ET Placement DU Quebec increased its holdings in Masco by 17.6% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 185,791 shares of the construction company's stock valued at $12,920,000 after purchasing an additional 27,757 shares during the period. Evergreen Wealth Solutions LLC raised its holdings in shares of Masco by 5.4% during the first quarter. Evergreen Wealth Solutions LLC now owns 8,434 shares of the construction company's stock valued at $586,000 after acquiring an additional 431 shares in the last quarter. Jump Financial LLC boosted its holdings in Masco by 605.6% in the first quarter. Jump Financial LLC now owns 27,610 shares of the construction company's stock valued at $1,920,000 after acquiring an additional 23,697 shares in the last quarter. AlphaQuest LLC increased its position in Masco by 58.3% during the 1st quarter. AlphaQuest LLC now owns 37,558 shares of the construction company's stock valued at $2,612,000 after purchasing an additional 13,838 shares during the period. Finally, Allstate Corp raised its holdings in Masco by 92.9% in the 1st quarter. Allstate Corp now owns 12,335 shares of the construction company's stock worth $858,000 after purchasing an additional 5,941 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Down 1.4%

Masco stock opened at $72.35 on Wednesday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. 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 cap of $15.15 billion, a PE ratio of 19.19, a P/E/G ratio of 2.68 and a beta of 1.19. The firm's 50 day moving average price is $68.95 and its two-hundred day moving average price is $67.09.

Masco (NYSE:MAS - Get Free Report) last issued 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. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the firm posted $1.20 EPS. 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. On average, research analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.7%. Masco's dividend payout ratio (DPR) is presently 32.89%.

Insider Transactions at Masco

In related news, 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 sale, the insider directly owned 39,638 shares of the company's stock, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on MAS. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Wells Fargo & Company lifted their price target on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Royal Bank Of Canada increased their price objective on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Loop Capital reissued a "hold" rating and set a $73.00 price objective (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Finally, Barclays upped their target price on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco currently has an average rating of "Hold" and an average price target of $74.13.

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.