19,280 Shares in Masco Corporation $MAS Bought by Caxton Associates LLP

Caxton Associates LLP bought a new position in shares of Masco Corporation (NYSE:MAS) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,280 shares of the construction company’s stock, valued at approximately $1,341,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. 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 worth $26,000 after acquiring an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new stake in Masco during the first quarter worth $29,000. Costello Asset Management INC bought a new stake in Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco during the first quarter worth $33,000. Finally, Stone House Investment Management LLC bought a new stake in Masco during the first quarter worth $50,000. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on MAS shares. Royal Bank Of Canada upped their price target on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Wells Fargo & Company increased their price objective on shares of Masco from $65.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research report on Monday, August 4th. JPMorgan Chase & Co. increased 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. Finally, Barclays increased their price objective on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $74.13.

Masco Price Performance

NYSE:MAS opened at $73.53 on Wednesday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The firm has a market cap of $15.39 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 2.77 and a beta of 1.19. The firm’s 50-day simple moving average is $69.92 and its 200 day simple moving average is $67.01. 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) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $2 billion. During the same period last year, the firm earned $1.20 earnings per share. Masco’s revenue for the quarter 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, sell-side analysts predict that Masco Corporation will post 4.34 earnings per share 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend payout ratio (DPR) is currently 32.89%.

Insider Transactions at Masco

In related news, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents 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 company insiders.

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.