Quantbot Technologies LP Increases Stock Position in Masco Corporation $MAS

Key Points

• Quantbot Technologies LP significantly increased its stake in Masco Corporation by 1,158.3% during Q1, now owning 142,824 shares valued at approximately $9.93 million.
• Masco's quarterly earnings report indicated an EPS of $1.30, surpassing analyst expectations of $1.08, while revenue was slightly down from the previous year.
• The company's dividend announcement included a payout of $0.31 per share, representing an annualized yield of 1.7% and a dividend payout ratio of 32.89%.

Quantbot Technologies LP boosted its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 1,158.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,824 shares of the construction company's stock after buying an additional 131,473 shares during the quarter. Quantbot Technologies LP owned approximately 0.07% of Masco worth $9,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harvest Investment Advisors LLC raised its stake in shares of Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock worth $1,604,000 after acquiring an additional 165 shares in the last quarter. Evermay Wealth Management LLC raised its stake in shares of Masco by 25.1% during the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock worth $69,000 after acquiring an additional 200 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in shares of Masco by 8.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after acquiring an additional 204 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Masco by 4.9% during the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock worth $311,000 after acquiring an additional 208 shares in the last quarter. Finally, Global X Japan Co. Ltd. grew its position 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 during the last quarter. Institutional investors own 93.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MAS. UBS Group restated a "buy" rating and set a $80.00 price target (down previously from $91.00) on shares of Masco in a research note on Thursday, April 24th. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Truist Financial cut their price target on shares of Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group cut their price target on shares of Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. 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 investment 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's stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of "Hold" and an average target price of $74.13.

Masco Stock Performance

Shares of MAS stock traded down $1.4560 during trading hours on Wednesday, hitting $73.0240. The company's stock had a trading volume of 2,418,619 shares, compared to its average volume of 2,739,881. The company has a 50 day moving average of $66.85 and a 200 day moving average of $67.41. The stock has a market cap of $15.29 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16. 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 12-month low of $56.55 and a 12-month high of $86.70.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a dividend of $0.31 per share. 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 32.89%.

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.