Y Intercept Hong Kong Ltd Trims Position in Masco Corporation $MAS

Y Intercept Hong Kong Ltd cut its holdings in shares of Masco Corporation (NYSE:MAS) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,993 shares of the construction company’s stock after selling 789 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Masco were worth $1,158,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in MAS. Allspring Global Investments Holdings LLC increased its stake in shares of Masco by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after buying an additional 270 shares during the period. D.A. Davidson & CO. grew its stake in Masco by 30.4% in the first quarter. D.A. Davidson & CO. now owns 12,183 shares of the construction company’s stock worth $847,000 after purchasing an additional 2,838 shares during the period. OneDigital Investment Advisors LLC grew its stake in Masco by 7.9% in the first quarter. OneDigital Investment Advisors LLC now owns 3,557 shares of the construction company’s stock worth $247,000 after purchasing an additional 260 shares during the period. IFM Investors Pty Ltd grew its stake in Masco by 6.8% in the first quarter. IFM Investors Pty Ltd now owns 48,426 shares of the construction company’s stock worth $3,368,000 after purchasing an additional 3,082 shares during the period. Finally, Wayfinding Financial LLC purchased a new stake in Masco in the first quarter worth $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Vertical Research assumed coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Barclays reduced their price target on Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group reduced their price target on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday. Evercore ISI reduced their price target on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Finally, Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.07.

Masco Trading Down 1.7%

Masco stock opened at $63.64 on Tuesday. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. The business’s fifty day simple moving average is $70.48 and its two-hundred day simple moving average is $67.19. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $83.06. The company has a market capitalization of $13.22 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18.

Masco (NYSE:MAS) last released its earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the firm posted $1.08 earnings per share. The company’s revenue was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Insiders Place Their Bets

In other news, CAO Heath M. Eisman sold 2,431 shares of the company’s 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 transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of the company’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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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.