Masco Corporation $MAS Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Masco Corporation (NYSE:MAS) by 10.2% during the second quarter, Holdings Channel.com reports. The fund owned 534,612 shares of the construction company’s stock after acquiring an additional 49,332 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Masco were worth $34,408,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cerity Partners LLC raised its position in Masco by 0.4% in the first quarter. Cerity Partners LLC now owns 124,563 shares of the construction company’s stock valued at $8,662,000 after purchasing an additional 546 shares during the period. Turtle Creek Wealth Advisors LLC acquired a new stake in shares of Masco in the first quarter valued at $919,000. Edgestream Partners L.P. raised its holdings in shares of Masco by 506.4% in the 1st quarter. Edgestream Partners L.P. now owns 90,293 shares of the construction company’s stock valued at $6,279,000 after buying an additional 75,403 shares during the period. Apollon Wealth Management LLC lifted its stake in Masco by 8.4% during the 1st quarter. Apollon Wealth Management LLC now owns 7,900 shares of the construction company’s stock worth $549,000 after acquiring an additional 614 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in Masco by 24.3% during the 1st quarter. Wealthfront Advisers LLC now owns 84,405 shares of the construction company’s stock valued at $5,870,000 after acquiring an additional 16,508 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity

In related news, CAO Heath M. Eisman sold 2,431 shares of the business’s 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 completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. 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 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 transaction, the insider 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 disclosure for this sale is available in the SEC filing. 0.50% of the stock is currently owned by company insiders.

Masco Price Performance

Shares of MAS opened at $61.47 on Tuesday. The firm has a market capitalization of $12.77 billion, a price-to-earnings ratio of 15.76, a PEG ratio of 2.69 and a beta of 1.17. The firm’s fifty day simple moving average is $69.32 and its 200-day simple moving average is $67.26. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $83.06. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, October 29th. The construction company reported $0.97 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 analyst estimates of $1.94 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a $0.31 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Masco’s dividend payout ratio is presently 31.79%.

Analysts Set New Price Targets

MAS has been the topic of a number of recent research reports. Robert W. Baird lowered shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Argus dropped their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Wells Fargo & Company decreased their target price on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company. Based on data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and a consensus target price of $73.53.

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.