Kera Capital Partners Inc. Buys New Position in Masco Corporation $MAS

Key Points

• Kera Capital Partners Inc. has acquired a new stake in Masco Corporation ($MAS), purchasing 6,442 shares valued at approximately $415,000 during the second quarter.
• Masco stock has a market capitalization of $15.42 billion and recently opened trading at $73.68, down 2.1% from previous sessions.
• A quarterly dividend of $0.31 per share was declared, resulting in an annualized yield of 1.7% while the company's dividend payout ratio stands at 32.89%.

Kera Capital Partners Inc. bought a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,442 shares of the construction company's stock, valued at approximately $415,000.

A number of other hedge funds have also modified their holdings of MAS. D. E. Shaw & Co. Inc. increased its holdings in shares of Masco by 11.6% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 48,994 shares of the construction company's stock valued at $3,555,000 after purchasing an additional 5,105 shares during the period. Focus Partners Wealth increased its holdings in shares of Masco by 4.6% in the fourth quarter. Focus Partners Wealth now owns 10,149 shares of the construction company's stock valued at $767,000 after purchasing an additional 445 shares during the period. Millennium Management LLC increased its holdings in shares of Masco by 94.0% in the fourth quarter. Millennium Management LLC now owns 555,165 shares of the construction company's stock valued at $40,288,000 after purchasing an additional 268,950 shares during the period. Man Group plc increased its holdings in shares of Masco by 133.4% in the fourth quarter. Man Group plc now owns 303,184 shares of the construction company's stock valued at $22,002,000 after purchasing an additional 173,311 shares during the period. Finally, Mufg Securities Americas Inc. acquired a new position in shares of Masco in the fourth quarter valued at about $231,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAS has been the topic of a number of research reports. Oppenheimer set a $79.00 price objective on Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a report on Tuesday, July 22nd. Loop Capital reissued a "hold" rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Wells Fargo & Company raised their target price on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco has an average rating of "Hold" and a consensus target price of $74.60.

Masco Stock Down 2.1%

Masco stock opened at $73.68 on Friday. The firm has a market cap of $15.42 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The business's 50-day moving average price is $70.37 and its 200 day moving average price is $66.98. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

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

Masco Dividend Announcement

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

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was 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 approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Company 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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