Alberta Investment Management Corp Has $2.78 Million Position in Masco Corporation $MAS

Alberta Investment Management Corp grew its holdings in Masco Corporation (NYSE:MAS) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,200 shares of the construction company’s stock after buying an additional 1,200 shares during the period. Alberta Investment Management Corp’s holdings in Masco were worth $2,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MAS. Cetera Investment Advisers lifted its stake in Masco by 13.4% in the second quarter. Cetera Investment Advisers now owns 38,400 shares of the construction company’s stock valued at $2,471,000 after buying an additional 4,544 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Masco by 6.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 51,735 shares of the construction company’s stock valued at $3,330,000 after buying an additional 3,257 shares in the last quarter. Empower Advisory Group LLC boosted its position in Masco by 6.0% during the second quarter. Empower Advisory Group LLC now owns 1,101,574 shares of the construction company’s stock valued at $70,897,000 after buying an additional 62,610 shares during the period. Trustco Bank Corp N Y grew its stake in shares of Masco by 2.1% in the second quarter. Trustco Bank Corp N Y now owns 9,725 shares of the construction company’s stock worth $626,000 after purchasing an additional 200 shares during the last quarter. Finally, Allianz SE bought a new position in shares of Masco in the 2nd quarter worth approximately $289,000. 93.91% of the stock is owned by institutional investors.

Masco Stock Down 1.8%

MAS stock opened at $60.66 on Monday. The firm has a market capitalization of $12.60 billion, a PE ratio of 15.55, a P/E/G ratio of 2.69 and a beta of 1.17. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $83.06. 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 simple moving average is $68.37 and its 200-day simple moving average is $67.29.

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

Masco Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MAS. Barclays cut their price target on Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Evercore ISI lowered their target price on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada cut their price objective on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Argus lowered their target price on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $73.53.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction 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 transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.