Masco Corporation $MAS Shares Purchased by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its holdings in shares of Masco Corporation (NYSE:MAS) by 27.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,938 shares of the construction company’s stock after acquiring an additional 7,162 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Masco were worth $2,291,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Integrated Wealth Concepts LLC increased its holdings in Masco by 71.3% during the 4th quarter. Integrated Wealth Concepts LLC now owns 4,874 shares of the construction company’s stock worth $354,000 after purchasing an additional 2,029 shares during the last quarter. Lido Advisors LLC grew its position in shares of Masco by 14.4% during the fourth quarter. Lido Advisors LLC now owns 17,529 shares of the construction company’s stock worth $1,272,000 after buying an additional 2,205 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its stake in shares of Masco by 173.8% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 36,898 shares of the construction company’s stock worth $2,678,000 after buying an additional 23,420 shares during the last quarter. Jane Street Group LLC raised its holdings in Masco by 176.2% in the fourth quarter. Jane Street Group LLC now owns 274,718 shares of the construction company’s stock valued at $19,936,000 after acquiring an additional 175,256 shares in the last quarter. Finally, Gallagher Fiduciary Advisors LLC boosted its stake in Masco by 16.4% during the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 4,405 shares of the construction company’s stock valued at $320,000 after acquiring an additional 620 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS stock opened at $73.43 on Friday. The company has a market cap of $15.37 billion, a P/E ratio of 19.48, a PEG ratio of 2.68 and a beta of 1.16. The business has a 50 day moving average of $68.57 and a two-hundred day moving average of $67.17. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $1.20 EPS. The business’s revenue 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, analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco’s dividend payout ratio is currently 32.89%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MAS. Barclays boosted their target price on shares of Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Royal Bank Of Canada boosted their price objective on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Oppenheimer set a $79.00 price objective on Masco and gave the company an “outperform” rating in a research note on Monday, August 4th. Wall Street Zen upgraded Masco from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Finally, Wells Fargo & Company upped their price target on Masco from $65.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 14th. One 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.13.

Insider Activity

In related news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated 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 sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the company’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. This trade represents 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 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.