VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 251,291 shares of the construction company's stock, valued at approximately $16,173,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.12% of Masco as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. Alpine Bank Wealth Management purchased a new stake in Masco during the 1st quarter valued at approximately $29,000. Costello Asset Management INC purchased a new stake in Masco during the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Masco during the 1st quarter valued at approximately $33,000. Steph & Co. purchased a new stake in Masco during the 2nd quarter valued at approximately $39,000. Finally, Stone House Investment Management LLC purchased a new stake in Masco during the 1st quarter valued at approximately $50,000. 93.91% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
MAS has been the subject of a number of analyst reports. Royal Bank Of Canada increased their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Weiss Ratings reissued a "hold (c+)" rating on shares of Masco in a research note on Wednesday, October 8th. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, July 22nd. Finally, Barclays increased their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, Masco has an average rating of "Hold" and an average price target of $74.60.
Get Our Latest Research Report on Masco
Insider Transactions at Masco
In other news, insider Jai Shah sold 82,910 shares of Masco 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 sale, the insider directly owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% 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 insiders.
Masco Price Performance
Shares of Masco stock opened at $67.87 on Monday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.20. The stock has a market capitalization of $14.21 billion, a P/E ratio of 18.00, a PEG ratio of 2.67 and a beta of 1.18. 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 fifty day moving average price is $71.76 and its 200 day moving average price is $66.71.
Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company posted $1.20 earnings per share. 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. As a group, research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.
Masco Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.31 per share. 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 payout ratio is presently 32.89%.
Masco Profile
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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.
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