Twin Tree Management LP Buys Shares of 31,176 Masco Corporation $MAS

Key Points

• Twin Tree Management LP has acquired 31,176 shares of Masco Corporation, valued at approximately $2,006,000, during the 2nd quarter as per its 13F filing.
• In recent transactions, Masco's chief accounting officer sold over 2,400 shares, reflecting a significant decrease in their stock ownership.
• Masco's latest earnings report showed an EPS of $1.30, exceeding analysts' expectations and representing a small revenue decline year-over-year while the company has set guidance for FY 2025 at EPS between 3.900 and 4.100.

Twin Tree Management LP bought a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 31,176 shares of the construction company's stock, valued at approximately $2,006,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Sagespring Wealth Partners LLC purchased a new position in Masco during the 2nd quarter valued at about $211,000. Equitable Trust Co. increased its holdings in Masco by 58.3% during the 2nd quarter. Equitable Trust Co. now owns 12,828 shares of the construction company's stock valued at $826,000 after acquiring an additional 4,722 shares in the last quarter. Boston Trust Walden Corp increased its holdings in Masco by 7.2% during the 2nd quarter. Boston Trust Walden Corp now owns 525,265 shares of the construction company's stock valued at $33,806,000 after acquiring an additional 35,358 shares in the last quarter. TD Asset Management Inc increased its holdings in Masco by 5.4% during the 2nd quarter. TD Asset Management Inc now owns 254,643 shares of the construction company's stock valued at $16,389,000 after acquiring an additional 13,113 shares in the last quarter. Finally, Harbour Trust & Investment Management Co boosted its stake in shares of Masco by 3.0% during the 2nd quarter. Harbour Trust & Investment Management Co now owns 72,134 shares of the construction company's stock worth $4,643,000 after purchasing an additional 2,132 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Price Performance

MAS opened at $68.06 on Friday. The company's 50 day simple moving average is $71.79 and its 200 day simple moving average is $66.74. 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 Corporation has a 1 year low of $56.55 and a 1 year high of $86.20. The stock has a market capitalization of $14.25 billion, a PE ratio of 18.05, a P/E/G ratio of 2.47 and a beta of 1.18.

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, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the company earned $1.20 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco's dividend payout ratio (DPR) is presently 32.89%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Masco from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 19th. Loop Capital reaffirmed a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Barclays raised their price target 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. Royal Bank Of Canada raised their price target on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Finally, Robert W. Baird cut shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus 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.

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.