Gotham Asset Management LLC Raises Stock Position in Masco Corporation $MAS

Key Points

• Gotham Asset Management LLC increased its stake in Masco Corporation by 15.5%, holding 349,031 shares valued at approximately $24.27 million.
• Analysts have mixed views on Masco, with price targets ranging from $62.00 to $79.00, and an average target price of $74.13.
• Masco announced a quarterly dividend of $0.31 per share, translating to an annual yield of 1.7%, with a payout ratio of 32.89%.

Gotham Asset Management LLC raised its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 15.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 349,031 shares of the construction company's stock after buying an additional 46,903 shares during the quarter. Gotham Asset Management LLC owned about 0.17% of Masco worth $24,272,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock worth $1,580,000 after buying an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Masco by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock worth $769,000 after buying an additional 270 shares in the last quarter. Asset Management One Co. Ltd. grew its position in Masco by 11.0% during the first quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock worth $5,990,000 after buying an additional 8,508 shares in the last quarter. Entropy Technologies LP purchased a new position in Masco during the first quarter worth about $3,946,000. Finally, State of Alaska Department of Revenue grew its position in Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock worth $1,726,000 after buying an additional 235 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the stock in a transaction on 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 in the company, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on MAS shares. Barclays lifted their price target on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. lifted their price target on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, July 22nd. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Loop Capital reaffirmed a "hold" rating and set a $73.00 price target (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $74.13.

Masco Trading Down 3.0%

Shares of NYSE MAS traded down $2.27 during midday trading on Tuesday, reaching $73.53. The company had a trading volume of 3,060,036 shares, compared to its average volume of 2,156,532. Masco Corporation has a one year low of $56.55 and a one 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 firm's fifty day moving average price is $69.79 and its 200-day moving average price is $66.96. The stock has a market cap of $15.39 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.78 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its quarterly 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 during 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%.Masco's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts anticipate 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 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 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio is presently 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.