Landscape Capital Management L.L.C. Acquires 77,521 Shares of Masco Corporation $MAS

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Masco Corporation by 339.2% during the first quarter, acquiring a total of 100,376 shares valued at approximately $6.98 million.
• Masco Corporation reported a Q2 earnings per share (EPS) of $1.30, surpassing analysts' estimates by $0.22, despite experiencing a 1.9% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.31 per share, equivalent to an annualized dividend of $1.24, reflecting a dividend yield of 1.7% with a payout ratio of 32.89%.

Landscape Capital Management L.L.C. lifted its stake in Masco Corporation (NYSE:MAS - Free Report) by 339.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 100,376 shares of the construction company's stock after acquiring an additional 77,521 shares during the quarter. Masco makes up approximately 0.6% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 22nd largest position. Landscape Capital Management L.L.C.'s holdings in Masco were worth $6,980,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. increased its position in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in Masco in the first quarter valued at $29,000. Costello Asset Management INC acquired a new stake in Masco in the first quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the first quarter valued at $33,000. Finally, Stone House Investment Management LLC acquired a new stake in Masco in the first quarter valued at $50,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred 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 sale, the insider directly owned 39,638 shares in the company, valued at $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. Insiders own 0.50% of the company's stock.

Masco Price Performance

MAS stock traded down $1.25 during mid-day trading on Tuesday, hitting $72.14. The stock had a trading volume of 898,012 shares, compared to its average volume of 2,146,012. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The firm has a market capitalization of $15.10 billion, a P/E ratio of 19.13, a P/E/G ratio of 2.68 and a beta of 1.19. The firm has a fifty day simple moving average of $68.78 and a 200 day simple moving average of $67.06.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MAS. Robert W. Baird cut shares of 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. Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Royal Bank Of Canada increased their price target 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. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Finally, Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target 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.