Caxton Associates LLP Boosts Stake in Masco Corporation $MAS

Caxton Associates LLP grew its stake in shares of Masco Corporation (NYSE:MAS) by 45.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 28,008 shares of the construction company’s stock after buying an additional 8,728 shares during the period. Caxton Associates LLP’s holdings in Masco were worth $1,803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Elevation Point Wealth Partners LLC purchased a new stake in Masco during the 2nd quarter worth about $28,000. Headlands Technologies LLC grew its holdings in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares in the last quarter. CYBER HORNET ETFs LLC acquired a new position in shares of Masco in the second quarter valued at approximately $37,000. Steph & Co. acquired a new position in shares of Masco in the second quarter valued at approximately $39,000. Finally, MUFG Securities EMEA plc purchased a new position in shares of Masco during the second quarter valued at approximately $40,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Royal Bank Of Canada cut their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Argus lowered their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their price objective on shares of Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $73.20.

Masco Stock Performance

Masco stock opened at $63.92 on Monday. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 2.77 and a beta of 1.27. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.20. The stock’s 50-day moving average is $64.63 and its 200-day moving average is $67.15.

Masco (NYSE:MAS) last issued its earnings results 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). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

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

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.