OMERS ADMINISTRATION Corp Acquires 7,162 Shares of Masco Corporation $MAS

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Masco Corporation by 27.8% during the first quarter, now owning 32,938 shares worth approximately $2.29 million.
• Several institutional investors, including Mirae Asset Global Investments and Asset Management One, also increased their holdings in Masco during the same period, highlighting strong institutional interest with 93.91% of the stock held by them.
• Masco’s stock received mixed ratings from analysts, with a consensus rating of "Hold" and a target price of $74.13, following its recent earnings report which beat expectations with an EPS of $1.30.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 27.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,938 shares of the construction company's stock after purchasing an additional 7,162 shares during the period. OMERS ADMINISTRATION Corp's holdings in Masco were worth $2,291,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MAS. Integrated Wealth Concepts LLC increased its stake in shares of Masco by 71.3% in the 4th quarter. Integrated Wealth Concepts LLC now owns 4,874 shares of the construction company's stock valued at $354,000 after buying an additional 2,029 shares during the period. Lido Advisors LLC boosted its position in shares of Masco by 14.4% in the 4th quarter. Lido Advisors LLC now owns 17,529 shares of the construction company's stock worth $1,272,000 after purchasing an additional 2,205 shares during the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of Masco by 173.8% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 36,898 shares of the construction company's stock worth $2,678,000 after purchasing an additional 23,420 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Masco by 176.2% in the 4th quarter. Jane Street Group LLC now owns 274,718 shares of the construction company's stock worth $19,936,000 after purchasing an additional 175,256 shares during the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its position in shares of Masco by 16.4% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,405 shares of the construction company's stock worth $320,000 after purchasing an additional 620 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business'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 $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the transaction, the insider directly 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 disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Masco Stock Up 1.9%

Shares of Masco stock traded up $1.40 during trading on Thursday, reaching $73.73. The stock had a trading volume of 558,992 shares, compared to its average volume of 2,138,816. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The stock has a fifty day moving average price of $69.13 and a two-hundred day moving average price of $67.13. The company has a market capitalization of $15.44 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 2.68 and a beta of 1.19. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released 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 business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.Masco's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco's payout ratio is 32.89%.

Analysts Set New Price Targets

MAS has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft restated 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 research report on Tuesday, July 22nd. Loop Capital restated a "hold" rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research report on Tuesday, July 22nd. Finally, Oppenheimer set a $79.00 price target on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. One equities 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 MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $74.13.

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.