Masco Corporation $MAS Shares Bought by Qube Research & Technologies Ltd

Qube Research & Technologies Ltd lifted its position in Masco Corporation (NYSE:MAS) by 75.3% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,663,377 shares of the construction company’s stock after buying an additional 714,287 shares during the period. Qube Research & Technologies Ltd owned approximately 0.79% of Masco worth $107,055,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Intact Investment Management Inc. raised its position in Masco by 30.4% in the second quarter. Intact Investment Management Inc. now owns 1,200 shares of the construction company’s stock worth $77,000 after acquiring an additional 280 shares in the last quarter. AXA S.A. bought a new position in shares of Masco during the 2nd quarter valued at about $1,424,000. Daiwa Securities Group Inc. grew its stake in shares of Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 1,413 shares during the last quarter. Certuity LLC bought a new stake in shares of Masco in the 2nd quarter worth approximately $237,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of Masco in the 2nd quarter worth approximately $97,000. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on MAS shares. Argus reduced their target price on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. UBS Group cut their price objective on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Wells Fargo & Company reduced their price objective on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Barclays reaffirmed an “equal weight” rating and set a $71.00 target price (down from $76.00) on shares of Masco in a research report on Monday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.20.

Masco Stock Performance

Shares of Masco stock opened at $63.35 on Thursday. The stock has a market cap of $13.16 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. The business has a fifty day simple moving average of $64.89 and a 200-day simple moving average of $67.10. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share 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 net margin of 10.89% and a return on equity of 1,317.38%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s dividend payout ratio is 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.