Masco Corporation $MAS Stock Holdings Decreased by Korea Investment CORP

Key Points

• Korea Investment CORP reduced its stake in Masco Corporation by 2.8%, owning 219,038 shares valued at approximately $15.2 million after selling 6,266 shares in the first quarter.
• Analysts have set a consensus price target of $74.13 for Masco, with ratings varying from Strong Buy to Hold among different research firms.
• Masco recently announced a quarterly dividend of $0.31 per share, representing a 1.7% yield, with the ex-dividend date set for August 8th.

Korea Investment CORP lessened its stake in Masco Corporation (NYSE:MAS - Free Report) by 2.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 219,038 shares of the construction company's stock after selling 6,266 shares during the quarter. Korea Investment CORP owned approximately 0.10% of Masco worth $15,232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Global X Japan Co. Ltd. lifted its holdings 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 buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Masco in the first quarter worth $29,000. Costello Asset Management INC acquired a new position in Masco in the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco during the first quarter valued at $33,000. Finally, GeoWealth Management LLC lifted its position in shares of Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MAS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Evercore ISI dropped their price target on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research report on Thursday, April 24th. Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada increased their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One equities research 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $74.13.

Masco Stock Performance

Shares of NYSE MAS opened at $73.0240 on Thursday. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a market cap of $15.29 billion, a PE ratio of 19.37, a P/E/G ratio of 2.71 and a beta of 1.16. The stock has a 50 day simple moving average of $66.85 and a 200-day simple moving average of $67.41. 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 (NYSE:MAS - Get Free Report) last posted 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. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the firm earned $1.20 EPS. The firm's revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors 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 annualized dividend and a yield of 1.7%. Masco's dividend payout ratio is presently 32.89%.

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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