Gulf International Bank UK Ltd Reduces Position in Masco Corporation $MAS

Key Points

• Gulf International Bank UK Ltd has reduced its holdings in Masco Corporation by 34.9%, now owning 11,534 shares worth approximately $802,000.
• Masco announced a quarterly dividend of $0.31 per share, set to be paid on August 25th, with a dividend yield of 1.7%.
• The company reported earnings of $1.30 per share for the last quarter, exceeding expectations, while revenue was down 1.9% compared to the same quarter last year.

Gulf International Bank UK Ltd lowered its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 34.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,534 shares of the construction company's stock after selling 6,183 shares during the period. Gulf International Bank UK Ltd's holdings in Masco were worth $802,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAS. Global X Japan Co. Ltd. boosted its holdings in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management purchased a new stake in Masco in the first quarter worth $29,000. Costello Asset Management INC purchased a new position in shares of Masco in the 1st quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Masco in the 1st quarter worth approximately $33,000. Finally, GeoWealth Management LLC raised its stake in shares of Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Price Performance

NYSE MAS traded down $0.6630 during trading on Thursday, hitting $72.3570. 650,500 shares of the stock traded hands, compared to its average volume of 2,156,020. The firm has a 50-day simple moving average of $66.85 and a 200-day simple moving average of $67.41. Masco Corporation has a 12-month low of $56.55 and a 12-month 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 company has a market capitalization of $15.15 billion, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the business earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

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

Analyst Ratings Changes

MAS has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their target price on Masco from $64.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI reduced their price target on shares of Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company upped their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Truist Financial reduced their target price on shares of Masco from $92.00 to $75.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $74.13.

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.