Russell Investments Group Ltd. Increases Stock Position in Masco Corporation $MAS

Key Points

• Russell Investments Group Ltd. has increased its stake in Masco Corporation by 23.9% in Q1, owning approximately 321,523 shares valued at $22.36 million.
• Masco's recent quarterly earnings beat analyst expectations with $1.30 earnings per share, surpassing the consensus estimate of $1.08.
• The company announced a quarterly dividend of $0.31 per share, with an annualized yield of 1.7%, scheduled for payment on August 25th.

Russell Investments Group Ltd. increased its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 23.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 321,523 shares of the construction company's stock after buying an additional 62,005 shares during the quarter. Russell Investments Group Ltd. owned about 0.15% of Masco worth $22,358,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. lifted its position in Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new stake in Masco in the first quarter valued at about $29,000. Costello Asset Management INC acquired a new stake in Masco in the first quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the first quarter valued at about $33,000. Finally, GeoWealth Management LLC lifted its position in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group restated a "buy" rating and issued a $80.00 price objective (down previously from $91.00) on shares of Masco in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price target on Masco from $64.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Truist Financial lowered their price target on Masco from $92.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, July 22nd. Finally, Oppenheimer set a $79.00 price target on Masco and gave the stock an "outperform" rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, Masco currently has an average rating of "Hold" and a consensus price target of $74.13.

Masco Trading Down 1.7%

MAS traded down $1.2450 during trading on Wednesday, hitting $73.2350. The company's stock had a trading volume of 1,411,344 shares, compared to its average volume of 2,159,018. The firm's 50 day moving average price is $66.66 and its 200-day moving average price is $67.37. 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 stock has a market cap of $15.33 billion, a PE ratio of 19.40, a PEG ratio of 2.66 and a beta of 1.16. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.20 EPS. Masco's revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's payout ratio is currently 32.89%.

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.