Masco Corporation $MAS Stock Position Raised by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Masco Corporation (NYSE:MAS) by 10.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,488 shares of the construction company’s stock after purchasing an additional 1,359 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Masco were worth $932,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MAS. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Masco by 10.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock valued at $1,580,000 after acquiring an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after acquiring an additional 270 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Masco by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock valued at $212,351,000 after acquiring an additional 206,311 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Masco in the 1st quarter valued at approximately $3,946,000. Finally, Swedbank AB raised its stake in shares of Masco by 43.4% in the 2nd quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock valued at $9,977,000 after acquiring an additional 46,932 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Baird R W downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. raised their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, Barclays raised their price objective on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.86.

Masco Stock Performance

Shares of NYSE MAS opened at $68.41 on Wednesday. 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 business’s 50 day moving average is $71.22 and its two-hundred day moving average is $67.07. The company has a market cap of $14.32 billion, a P/E ratio of 18.15, a P/E/G ratio of 2.75 and a beta of 1.18. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $83.06.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s payout ratio is currently 32.89%.

Insider Buying and Selling

In other news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer 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 is available in the SEC filing. Insiders own 0.50% of the company’s stock.

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.