Holocene Advisors LP Acquires 1,635,746 Shares of Masco Corporation $MAS

Holocene Advisors LP boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 48.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,001,386 shares of the construction company’s stock after purchasing an additional 1,635,746 shares during the quarter. Masco comprises approximately 0.8% of Holocene Advisors LP’s holdings, making the stock its 23rd largest position. Holocene Advisors LP owned about 2.39% of Masco worth $321,889,000 at the end of the most recent quarter.

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

Masco Price Performance

Masco stock opened at $63.92 on Friday. The business’s fifty day moving average is $64.63 and its two-hundred day moving average is $67.10. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The firm has a market cap of $13.28 billion, a P/E ratio of 16.39, a P/E/G ratio of 2.80 and a beta of 1.27. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $82.18.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’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 fiscal year.

Masco Dividend Announcement

The business also recently announced 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

MAS has been the topic of a number of recent research reports. Barclays reiterated an “equal weight” rating and set a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Evercore ISI cut their price target on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. UBS Group lowered their price objective on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Argus decreased their price target on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $73.20.

About Masco

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.