Versor Investments LP Sells 3,439 Shares of Masco Corporation $MAS

Key Points

• Versor Investments LP reduced its stake in Masco Corporation by 52.9% in the first quarter, selling 3,439 shares and owning 3,061 shares worth $213,000 post-sale.
• Masco's recent earnings report revealed an EPS of $1.30, exceeding analysts' estimates of $1.08, alongside a net margin of 10.51% and annual revenue guidance of $4.34 EPS.
• Masco announced a quarterly dividend of $0.31, representing an annual yield of 1.6%, with the ex-dividend date on August 8th.

Versor Investments LP trimmed its holdings in Masco Corporation (NYSE:MAS - Free Report) by 52.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,061 shares of the construction company's stock after selling 3,439 shares during the quarter. Versor Investments LP's holdings in Masco were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MAS. Global X Japan Co. Ltd. boosted its position in shares of 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 acquiring an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in shares of Masco in the first quarter valued at approximately $29,000. Costello Asset Management INC bought a new position in Masco in the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the first quarter worth $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 worth $50,000 after purchasing an additional 322 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Stock Up 4.5%

Shares of NYSE MAS opened at $75.57 on Friday. The stock has a market cap of $15.82 billion, a PE ratio of 20.05, a PEG ratio of 2.64 and a beta of 1.16. The business has a fifty day moving average of $67.29 and a two-hundred day moving average of $67.36. Masco Corporation has a 52-week low of $56.55 and a 52-week 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.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business's revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Friday, August 8th. Masco's payout ratio is currently 32.89%.

Insider Activity

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated 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 transaction, the chief accounting officer directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAS. Barclays raised their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. raised their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a research report on Tuesday, July 22nd. Finally, Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $74.13.

Masco Company 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.

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