Lansforsakringar Fondforvaltning AB publ Purchases 4,862 Shares of Masco Corporation $MAS

Key Points

• Lansforsakringar Fondforvaltning AB increased its stake in Masco Corporation by 6.9%, acquiring an additional 4,862 shares during the first quarter, bringing its total holdings to 74,938 shares valued at approximately $5.2 million.
• Masco Corporation reported a quarterly EPS of $1.30, exceeding analysts' expectations of $1.08, along with a revenue of $2.05 billion for the period.
• The company recently announced a quarterly dividend of $0.31 per share, representing an annualized yield of 1.7%, with a payout ratio of 32.89%.

Lansforsakringar Fondforvaltning AB publ lifted its position in Masco Corporation (NYSE:MAS - Free Report) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,938 shares of the construction company's stock after buying an additional 4,862 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Masco were worth $5,211,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. OMERS ADMINISTRATION Corp grew its stake in shares of Masco by 27.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,938 shares of the construction company's stock valued at $2,291,000 after buying an additional 7,162 shares in the last quarter. Brant Point Investment Management LLC grew its stake in shares of Masco by 4.2% in the 1st quarter. Brant Point Investment Management LLC now owns 84,681 shares of the construction company's stock valued at $5,889,000 after buying an additional 3,427 shares in the last quarter. Nicolet Bankshares Inc. grew its stake in shares of Masco by 4.6% in the 1st quarter. Nicolet Bankshares Inc. now owns 8,006 shares of the construction company's stock valued at $557,000 after buying an additional 353 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake in shares of Masco by 17.6% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 185,791 shares of the construction company's stock valued at $12,920,000 after buying an additional 27,757 shares in the last quarter. Finally, Evergreen Wealth Solutions LLC boosted its position in Masco by 5.4% during the first quarter. Evergreen Wealth Solutions LLC now owns 8,434 shares of the construction company's stock worth $586,000 after purchasing an additional 431 shares during the period. Institutional investors own 93.91% of the company's stock.

Masco Stock Down 0.2%

MAS opened at $73.43 on Friday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 19.48, a P/E/G ratio of 2.68 and a beta of 1.16. The business has a 50 day moving average of $68.57 and a 200-day moving average of $67.17.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data 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. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the business earned $1.20 earnings per share. Masco's revenue for the quarter was down 1.9% compared to the same quarter last year. 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 Announces Dividend

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

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Loop Capital reaffirmed a "hold" rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Wells Fargo & Company upped their target price on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Finally, Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $74.13.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the transaction, the chief accounting officer directly 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 is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.