Fuller & Thaler Asset Management Inc. Grows Position in Masco Corporation $MAS

Key Points

• Fuller & Thaler Asset Management Inc. increased its ownership in Masco Corporation by 70.8% during the first quarter, acquiring an additional 117,318 shares, bringing its total to 282,908 shares worth approximately $19.7 million.
• Several hedge funds adjusted their positions in Masco, with Global X Japan Co. Ltd. raising its stake by 120.2% and various firms purchasing new stakes valued between $26,000 and $33,000 in the first quarter.
• Masco Corporation has a consensus rating of "Hold" from analysts, with a target price averaging $74.13, despite a recent downgrade by Robert W. Baird from "outperform" to "neutral."

Fuller & Thaler Asset Management Inc. lifted its stake in Masco Corporation (NYSE:MAS - Free Report) by 70.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 282,908 shares of the construction company's stock after buying an additional 117,318 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 0.13% of Masco worth $19,673,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of MAS. Global X Japan Co. Ltd. lifted 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 worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Masco during the first quarter valued at $29,000. Costello Asset Management INC purchased a new stake in Masco during the first quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Masco during the first quarter valued at $33,000. Finally, GeoWealth Management LLC raised its stake in Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent research reports. Truist Financial decreased their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Robert W. Baird downgraded shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Royal Bank Of Canada upped their price target on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, The Goldman Sachs Group decreased their price target on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.13.

Masco Price Performance

Masco stock opened at $74.5130 on Wednesday. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 19.76, a price-to-earnings-growth ratio of 2.66 and a beta of 1.16. 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 $86.70. The firm has a 50-day moving average of $66.66 and a two-hundred day moving average of $67.37.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The company's revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 8th. Masco's dividend payout ratio (DPR) is currently 32.89%.

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.

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