Masco Corporation $MAS Shares Acquired by Jump Financial LLC

Jump Financial LLC boosted its holdings in Masco Corporation (NYSE:MAS) by 211.9% in the second quarter, HoldingsChannel reports. The firm owned 86,109 shares of the construction company’s stock after purchasing an additional 58,499 shares during the period. Jump Financial LLC’s holdings in Masco were worth $5,542,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in shares of Masco by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after purchasing an additional 1,780,673 shares in the last quarter. Boston Partners increased its stake in shares of Masco by 16.3% in the second quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after buying an additional 810,881 shares during the last quarter. Geode Capital Management LLC raised its holdings in Masco by 1.2% in the second quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after acquiring an additional 60,672 shares in the last quarter. Invesco Ltd. raised its holdings in Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after acquiring an additional 1,337,889 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Masco by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after acquiring an additional 155,351 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MAS shares. Royal Bank Of Canada dropped their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Argus lowered their price objective on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company cut their price objective on Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Barclays reaffirmed an “equal weight” rating and set a $71.00 target price (down previously from $76.00) on shares of Masco in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $73.20.

Masco Stock Down 2.0%

Shares of Masco stock opened at $61.18 on Wednesday. The stock has a market capitalization of $12.71 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 2.70 and a beta of 1.27. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $82.18. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. The business’s 50 day simple moving average is $65.03 and its 200-day simple moving average is $67.12.

Masco (NYSE:MAS) last issued 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). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. Masco’s quarterly revenue 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 research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were given 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 2.0%. Masco’s dividend payout ratio is currently 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.