Andra AP fonden Buys 36,100 Shares of Masco Corporation $MAS

Andra AP fonden boosted its stake in Masco Corporation (NYSE:MAS) by 15.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 268,700 shares of the construction company’s stock after purchasing an additional 36,100 shares during the period. Andra AP fonden owned about 0.13% of Masco worth $17,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Costello Asset Management INC acquired a new stake in shares of Masco during the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the first quarter valued at about $33,000. Steph & Co. acquired a new stake in shares of Masco during the second quarter valued at about $39,000. Stone House Investment Management LLC bought a new stake in shares of Masco during the first quarter worth about $50,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Masco in the first quarter valued at approximately $68,000. Institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business’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 completion of the transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by company insiders.

Masco Trading Down 2.0%

MAS opened at $62.12 on Friday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $83.06. The firm has a market capitalization of $12.90 billion, a PE ratio of 15.93, a P/E/G ratio of 2.69 and a beta of 1.17. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The company’s 50-day moving average is $69.79 and its 200 day moving average is $67.14.

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

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be paid a $0.31 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 2.0%. Masco’s dividend payout ratio is currently 31.79%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MAS shares. Evercore ISI cut their price target on shares of Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.53.

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.