Quantinno Capital Management LP Raises Stock Position in Masco Corporation $MAS

by · The Cerbat Gem

Quantinno Capital Management LP boosted its stake in shares of Masco Corporation (NYSE:MAS – Free Report) by 119.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 584,451 shares of the construction company’s stock after purchasing an additional 317,520 shares during the quarter. Quantinno Capital Management LP’s holdings in Masco were worth $37,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MAS. Elevation Point Wealth Partners LLC acquired a new stake in Masco during the second quarter worth about $28,000. Steph & Co. acquired a new stake in shares of Masco during the 2nd quarter worth approximately $39,000. True Wealth Design LLC increased its holdings in shares of Masco by 716.0% during the 2nd quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock valued at $56,000 after purchasing an additional 759 shares in the last quarter. Ransom Advisory Ltd acquired a new position in shares of Masco in the 1st quarter valued at $68,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Masco by 49.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 1,155 shares of the construction company’s stock worth $74,000 after buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 1.9%

NYSE MAS opened at $64.67 on Friday. The company has a market cap of $13.43 billion, a P/E ratio of 16.58, a P/E/G ratio of 2.74 and a beta of 1.27. The business has a fifty day moving average price of $64.76 and a 200 day moving average price of $67.08. Masco Corporation has a one year low of $56.55 and a one year high of $82.18. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s dividend payout ratio is currently 31.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MAS shares. Wells Fargo & Company cut their price objective on shares of Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Argus reduced 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. Evercore ISI dropped their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Vertical Research assumed coverage on Masco in a research report on Monday, October 20th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and fourteen have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $73.20.

Get Our Latest Stock Analysis on Masco

Masco Company Profile

(Free Report)

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.

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