MBB Public Markets I LLC Acquires New Position in Masco Corporation $MAS

Key Points

• MBB Public Markets I LLC has acquired a new position in Masco Corporation, purchasing 4,299 shares valued at approximately $299,000 during the first quarter.
• Masco recently reported earnings of $1.30 per share, exceeding analysts' expectations by $0.22, with a net margin of 10.51% and revenues of $2.05 billion.
• The company declared a quarterly dividend of $0.31 per share, reflecting a 1.6% yield, and has announced FY 2025 guidance of 3.900-4.100 EPS.

MBB Public Markets I LLC acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 4,299 shares of the construction company's stock, valued at approximately $299,000.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after acquiring an additional 984,403 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock worth $269,972,000 after acquiring an additional 155,351 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Masco by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company's stock worth $176,291,000 after acquiring an additional 71,881 shares during the last quarter. Finally, Amundi lifted its stake in Masco by 13.7% in the 1st quarter. Amundi now owns 2,132,663 shares of the construction company's stock valued at $145,254,000 after purchasing an additional 257,572 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Trading Up 3.0%

MAS opened at $75.34 on Friday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm has a market capitalization of $15.77 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.67 and a beta of 1.19. The company's 50 day moving average price is $70.22 and its two-hundred day moving average price is $67.06.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the previous year, the firm posted $1.20 EPS. The company'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, research analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.6%. Masco's dividend payout ratio (DPR) is presently 32.89%.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on MAS. Robert W. Baird cut shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 22nd. Wells Fargo & Company boosted their target price on shares of Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday. Barclays boosted their target price on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $74.60.

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.

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