Masco Corporation $MAS Shares Sold by National Pension Service

Key Points

• National Pension Service significantly reduced its position in Masco Corporation by 80.8%, now holding 77,485 shares worth approximately $5.39 million after selling 325,092 shares during the first quarter.
• Masco recently reported earnings per share of $1.30 for the last quarter, beating analysts' estimates, but with a 1.9% decline in quarterly revenue year-over-year.
• The company announced a quarterly dividend of $0.31 to be paid on August 25, reflecting a 1.7% dividend yield and a payout ratio of 32.89%.

National Pension Service lowered its holdings in Masco Corporation (NYSE:MAS - Free Report) by 80.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 77,485 shares of the construction company's stock after selling 325,092 shares during the quarter. National Pension Service's holdings in Masco were worth $5,388,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in shares of Masco by 23.9% in the 1st quarter. Russell Investments Group Ltd. now owns 321,523 shares of the construction company's stock valued at $22,358,000 after acquiring an additional 62,005 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Masco by 6.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 66,847 shares of the construction company's stock valued at $4,640,000 after purchasing an additional 4,171 shares during the period. Stone House Investment Management LLC acquired a new stake in shares of Masco in the 1st quarter valued at about $50,000. Public Sector Pension Investment Board boosted its position in shares of Masco by 6.5% in the 1st quarter. Public Sector Pension Investment Board now owns 28,405 shares of the construction company's stock valued at $1,975,000 after purchasing an additional 1,744 shares during the period. Finally, Todd Asset Management LLC boosted its position in shares of Masco by 10.0% in the 1st quarter. Todd Asset Management LLC now owns 838,199 shares of the construction company's stock valued at $58,288,000 after purchasing an additional 76,292 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on MAS shares. Barclays upped their target price on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. The Goldman Sachs Group reduced their price objective on Masco from $82.00 to $73.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Evercore ISI decreased their price target on Masco from $82.00 to $71.00 and set an "in-line" rating for the company in a report on Thursday, April 24th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $74.13.

Masco Price Performance

MAS stock traded down $0.67 during midday trading on Thursday, hitting $72.35. 650,500 shares of the stock were exchanged, compared to its average volume of 2,156,020. The stock's 50-day moving average price is $66.85 and its 200-day moving average price is $67.41. The stock has a market cap of $15.15 billion, a price-to-earnings ratio of 19.19, a PEG ratio of 2.71 and a beta of 1.16. 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 quick ratio of 1.14 and a current ratio of 1.82.

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, topping analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Research analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

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 given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, August 8th. Masco's payout ratio is currently 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.