Jump Financial LLC Increases Stock Position in Masco Corporation $MAS

Key Points

• Jump Financial LLC increased its holdings in Masco Corporation by 605.6%, acquiring an additional 23,697 shares, bringing its total to 27,610 shares valued at $1.92 million.
• Masco reported strong quarterly earnings of $1.30 EPS, exceeding analyst estimates, with revenue of $2.05 billion despite a year-over-year decline of 1.9%.
• Masco's stock has seen recent target price upgrades, with analysts setting an average target of $74.13 and a notable increase from Wells Fargo’s target price moving from $65.00 to $73.00.

Jump Financial LLC boosted its holdings in Masco Corporation (NYSE:MAS - Free Report) by 605.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,610 shares of the construction company's stock after buying an additional 23,697 shares during the period. Jump Financial LLC's holdings in Masco were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the stock. Global X Japan Co. Ltd. lifted its holdings in Masco by 120.2% during the 1st 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 in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Masco in the first quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Masco in the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Masco during the first quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC purchased a new position in Masco during the first quarter valued at approximately $50,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MAS has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Royal Bank Of Canada raised their target price 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. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.13.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated 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 directly owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Masco Trading Down 0.2%

NYSE:MAS traded down $0.12 during trading hours on Monday, reaching $73.43. The company's stock had a trading volume of 1,098,482 shares, compared to its average volume of 2,176,729. The firm has a market capitalization of $15.37 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.68 and a beta of 1.19. The firm has a 50-day simple moving average of $68.57 and a 200-day simple moving average of $67.09. 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 1 year low of $56.55 and a 1 year high of $86.70.

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, beating the consensus estimate of $1.08 by $0.22. The company 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%.Masco's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

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