Brandywine Global Investment Management LLC Has $10.90 Million Stock Holdings in Masco Corporation $MAS

Key Points

• Brandywine Global Investment Management LLC reduced its stake in Masco Corporation by 3.7% in Q1, now holding approximately 0.07% of the company worth $10.9 million.
• Masco recently declared a quarterly dividend of $0.31 per share, with a payout ratio of 32.89% and an annualized dividend yield of 1.7%.
• Masco Corporation reported $1.30 EPS for the most recent quarter, exceeding analysts' expectations by $0.22, although revenue decreased by 1.9% from the same period last year.

Brandywine Global Investment Management LLC reduced its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 156,802 shares of the construction company's stock after selling 6,088 shares during the period. Brandywine Global Investment Management LLC owned about 0.07% of Masco worth $10,904,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Global X Japan Co. Ltd. boosted its stake 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 period. Alpine Bank Wealth Management purchased a new position in Masco during the 1st quarter valued at about $29,000. Costello Asset Management INC purchased a new position in Masco during the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the first quarter worth about $33,000. Finally, GeoWealth Management LLC grew its holdings in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after buying an additional 322 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. UBS Group reaffirmed a "buy" rating and issued a $80.00 price target (down from $91.00) on shares of Masco in a report on Thursday, April 24th. Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Royal Bank Of Canada upped their price target on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Finally, Oppenheimer set a $79.00 price target on shares of Masco and gave the company an "outperform" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $74.13.

Masco Stock Performance

Shares of Masco stock traded down $1.4560 during trading on Wednesday, hitting $73.0240. 2,418,619 shares of the stock were exchanged, compared to its average volume of 2,165,813. The stock's fifty day moving average is $66.66 and its 200 day moving average is $67.37. The stock has a market cap of $15.29 billion, a PE ratio of 19.37, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. 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 announced its 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 during 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%. Masco's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 EPS. 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 EPS for the current year.

Masco Dividend Announcement

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. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 8th. Masco's dividend payout ratio (DPR) 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.