Aberdeen Group plc Buys 88,790 Shares of Masco Corporation $MAS

Key Points

• Aberdeen Group plc significantly increased its shareholding in Masco Corporation by 112.8%, now owning 167,485 shares worth approximately $11.49 million.
• Several research analysts have set new price targets for Masco shares, with Oppenheimer targeting $79.00 and UBS Group setting a revised target of $80.00, reflecting varying assessments of the company’s performance.
• Masco announced a quarterly dividend of $0.31, marking an annual yield of 1.7%, with the dividend payout ratio currently at 32.89%.

Aberdeen Group plc lifted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 112.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,485 shares of the construction company's stock after purchasing an additional 88,790 shares during the period. Aberdeen Group plc owned 0.08% of Masco worth $11,491,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock valued at $1,580,000 after acquiring an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock valued at $769,000 after acquiring an additional 270 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of Masco by 11.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock worth $5,990,000 after purchasing an additional 8,508 shares during the period. Entropy Technologies LP purchased a new position in shares of Masco during the 1st quarter valued at $3,946,000. Finally, State of Alaska Department of Revenue lifted its holdings in Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after purchasing an additional 235 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Masco Stock Down 1.4%

Shares of Masco stock traded down $1.0610 on Monday, reaching $74.5190. The company's stock had a trading volume of 1,776,497 shares, compared to its average volume of 2,653,374. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The firm's fifty day simple moving average is $67.53 and its two-hundred day simple moving average is $67.20. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a market capitalization of $15.60 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 2.76 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Shareholders of record on Friday, August 8th will be issued a $0.31 dividend. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. increased their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Robert W. Baird downgraded shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Tuesday, July 22nd. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada increased their price objective on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $74.13.

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.