UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Decreases Holdings in Masco Corporation $MAS

Key Points

• UBS AM reduced its holdings in Masco Corporation by 1.8%, owning 1,880,738 shares valued at approximately $130.8 million as of the end of the first quarter.
• Masco's stock recently faced a 2.1% decline and currently has an average price target of $74.60, with ratings reflecting a consensus of "Hold" from analysts.
• The company announced a quarterly dividend of $0.31, resulting in an annualized dividend of $1.24, reflecting a 1.7% yield.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC reduced its position in Masco Corporation (NYSE:MAS - Free Report) by 1.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,880,738 shares of the construction company's stock after selling 35,114 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.89% of Masco worth $130,787,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. D. E. Shaw & Co. Inc. raised its stake in Masco by 11.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 48,994 shares of the construction company's stock valued at $3,555,000 after acquiring an additional 5,105 shares during the last quarter. Focus Partners Wealth increased its stake in Masco by 4.6% in the 4th quarter. Focus Partners Wealth now owns 10,149 shares of the construction company's stock valued at $767,000 after purchasing an additional 445 shares in the last quarter. Millennium Management LLC increased its stake in Masco by 94.0% in the 4th quarter. Millennium Management LLC now owns 555,165 shares of the construction company's stock valued at $40,288,000 after purchasing an additional 268,950 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new position in Masco during the fourth quarter worth $369,000. Finally, Nomura Holdings Inc. increased its position in Masco by 47.6% during the fourth quarter. Nomura Holdings Inc. now owns 51,861 shares of the construction company's stock worth $3,764,000 after buying an additional 16,722 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MAS has been the subject of several recent research reports. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Wells Fargo & Company boosted their price target on Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday. Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Oppenheimer set a $79.00 target price on Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Loop Capital reaffirmed a "hold" rating and set a $73.00 price target (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $74.60.

Masco Stock Down 2.1%

Shares of Masco stock opened at $73.68 on Friday. 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 business's 50 day simple moving average is $70.37 and its 200-day simple moving average is $67.05. The stock has a market capitalization of $15.42 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 2.75 and a beta of 1.19. 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 posted its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS 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 firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the firm earned $1.20 EPS. The firm'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. Equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors 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 1.7%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is presently 32.89%.

Insiders Place Their Bets

In other news, insider Jai Shah sold 82,910 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

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.