Intech Investment Management LLC Purchases 20,100 Shares of Masco Corporation $MAS

Key Points

• Intech Investment Management LLC increased its holdings in Masco Corporation by 14.9%, acquiring an additional 20,100 shares to total 155,398 shares, valued at approximately $10.8 million.
• Masco's stock has seen varying analyst opinions, with a consensus rating of "Hold" and a target price averaging $74.13.
• The company reported a $1.30 EPS for the last quarter, exceeding expectations of $1.08, alongside revenues of $2.05 billion despite a year-over-year decline.

Intech Investment Management LLC raised its position in Masco Corporation (NYSE:MAS - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 155,398 shares of the construction company's stock after buying an additional 20,100 shares during the quarter. Intech Investment Management LLC owned about 0.07% of Masco worth $10,806,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Global X Japan Co. Ltd. increased its holdings in Masco by 120.2% in the 1st 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 during the period. Alpine Bank Wealth Management bought a new position in shares of Masco in the first quarter worth about $29,000. Costello Asset Management INC bought a new position in shares of Masco in the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco in the 1st quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC acquired a new position in Masco during the 1st quarter worth approximately $50,000. 93.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MAS shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Barclays raised their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. 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 note on Wednesday, May 14th. Finally, Loop Capital restated a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $74.13.

Masco Stock Performance

NYSE:MAS opened at $73.30 on Thursday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a 50 day simple moving average of $70.04 and a two-hundred day simple moving average of $67.05. The company has a market capitalization of $15.35 billion, a PE ratio of 19.44, a P/E/G ratio of 2.68 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. 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 company's quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

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

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of Masco 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 completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jai Shah sold 82,910 shares of the business'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 transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.

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