Voleon Capital Management LP Has $2.92 Million Position in Masco Corporation $MAS

Key Points

• Voleon Capital Management LP significantly increased its stake in Masco Corporation by 960.4%, acquiring an additional 38,043 shares to hold a total of 42,004 shares valued at approximately $2.9 million.
• The company also recently declared a quarterly dividend of $0.31 per share with a yield of 1.6%, which was paid on August 25th.
• Analysts have a consensus rating of "Hold" for Masco shares, with an average price target of $74.13, indicating a mixed outlook among investors.

Voleon Capital Management LP boosted its stake in Masco Corporation (NYSE:MAS - Free Report) by 960.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,004 shares of the construction company's stock after buying an additional 38,043 shares during the period. Voleon Capital Management LP's holdings in Masco were worth $2,921,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MAS. Harvest Investment Advisors LLC raised its position in Masco by 0.7% during the first quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock valued at $1,604,000 after acquiring an additional 165 shares in the last quarter. Evermay Wealth Management LLC raised its position in Masco by 25.1% during the first quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after acquiring an additional 200 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Masco by 8.2% during the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after acquiring an additional 204 shares in the last quarter. Wedmont Private Capital raised its position in Masco by 4.9% during the first quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after acquiring an additional 208 shares in the last quarter. Finally, Global X Japan Co. Ltd. raised its position in Masco by 120.2% during 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 in the last quarter. Institutional investors own 93.91% of the company's stock.

Insider Buying and Selling at Masco

In other news, insider Jai Shah sold 82,910 shares of the firm's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Stock Performance

Shares of NYSE:MAS traded down $1.55 during trading on Friday, reaching $73.68. The stock had a trading volume of 1,639,511 shares, compared to its average volume of 2,150,326. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The firm has a market capitalization of $15.42 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 2.67 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The stock has a fifty day simple moving average of $70.22 and a two-hundred day simple moving average of $67.06.

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

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is presently 32.89%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. JPMorgan Chase & Co. raised their price objective on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Finally, Wells Fargo & Company lifted their price target on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Masco presently has an average rating of "Hold" and an average price target of $74.60.

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.