Sumitomo Mitsui DS Asset Management Company Ltd Increases Stock Position in Masco Corporation $MAS

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Masco Corporation (NYSE:MAS) by 3.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,818 shares of the construction company’s stock after acquiring an additional 728 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Masco were worth $1,597,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MAS. Global X Japan Co. Ltd. lifted its stake in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in Masco in the 1st quarter valued at approximately $29,000. Costello Asset Management INC purchased a new stake in Masco in the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Masco in the 1st quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC purchased a new stake in Masco in the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MAS shares. Robert W. Baird downgraded Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Wells Fargo & Company boosted their price target on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Barclays boosted their price target on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $74.60.

Masco Stock Performance

Shares of NYSE MAS opened at $72.22 on Monday. 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 firm’s 50-day moving average price is $71.03 and its two-hundred day moving average price is $66.90. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The stock has a market capitalization of $15.12 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.64 and a beta of 1.19.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating 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 quarter last year, the business earned $1.20 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s dividend payout ratio (DPR) is 32.89%.

Insiders Place Their Bets

In related news, insider Jai Shah sold 82,910 shares of Masco 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 completion of the sale, the insider 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was 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 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.