MGO One Seven LLC Makes New Investment in Masco Corporation $MAS

MGO One Seven LLC purchased a new stake in shares of Masco Corporation (NYSE:MAS) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,581 shares of the construction company’s stock, valued at approximately $534,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Focus Partners Wealth raised its holdings in shares of Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Masco by 49.6% in 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. Czech National Bank lifted its holdings in Masco by 5.9% during the second quarter. Czech National Bank now owns 51,561 shares of the construction company’s stock worth $3,318,000 after buying an additional 2,872 shares during the period. Pallas Capital Advisors LLC bought a new stake in Masco during the 2nd quarter valued at $770,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Masco by 3.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,818 shares of the construction company’s stock valued at $1,597,000 after acquiring an additional 728 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 1.0%

NYSE:MAS opened at $70.49 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $82.18. The company has a market cap of $14.64 billion, a PE ratio of 18.08, a P/E/G ratio of 2.84 and a beta of 1.28. The company’s 50 day moving average is $64.25 and its two-hundred day moving average is $67.62.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. Wells Fargo & Company raised their price objective on Masco from $75.00 to $78.00 and gave the company an “overweight” rating in a research report on Wednesday. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Citigroup reduced their price objective on shares of Masco from $72.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. UBS Group decreased their target price on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. Finally, Argus lowered their target price 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. Six equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.20.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.