Optas LLC acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,403 shares of the construction company's stock, valued at approximately $283,000.
Other hedge funds have also made changes to their positions in the company. Global X Japan Co. Ltd. increased its holdings in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in shares of Masco in the 1st quarter valued at about $29,000. Costello Asset Management INC purchased a new position in shares of Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Masco in the 1st quarter valued at about $33,000. Finally, Steph & Co. purchased a new stake in Masco in the second quarter valued at $39,000. Hedge funds and other institutional investors own 93.91% of the company's stock.
Insider Transactions at Masco
In other news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jai Shah sold 82,910 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following 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 ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.
Masco Price Performance
Shares of NYSE:MAS opened at $67.41 on Friday. The company has a 50-day simple moving average of $72.04 and a 200-day simple moving average of $66.84. Masco Corporation has a one year low of $56.55 and a one year 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. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.51 and a beta of 1.18.
Masco (NYSE:MAS - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period in the prior year, the company earned $1.20 earnings per share. The business'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, analysts predict that Masco Corporation will post 4.34 EPS for the current year.
Masco Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio is presently 32.89%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MAS. Wells Fargo & Company boosted their price target on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday, September 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of Masco in a research report on Wednesday. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an "outperform" rating in a research report on Monday, August 4th. Zacks Research raised shares of Masco from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $74.60.
View Our Latest Report on MAS
About Masco
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Masco, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Masco wasn't on the list.
While Masco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
