QRG Capital Management Inc. Sells 547 Shares of Masco Corporation $MAS

QRG Capital Management Inc. trimmed its position in shares of Masco Corporation (NYSE:MAS) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 423,086 shares of the construction company’s stock after selling 547 shares during the period. QRG Capital Management Inc.’s holdings in Masco were worth $27,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Global X Japan Co. Ltd. raised its stake in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new stake in shares of Masco during the 1st quarter worth $29,000. Costello Asset Management INC acquired a new stake in shares of Masco during the 1st quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco during the 1st quarter worth $33,000. Finally, Steph & Co. acquired a new stake in Masco in the second quarter valued at about $39,000. Institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

Shares of MAS opened at $70.40 on Friday. The firm has a market cap of $14.74 billion, a PE ratio of 18.67, a PEG ratio of 2.59 and a beta of 1.18. The stock’s fifty day moving average price is $71.94 and its two-hundred day moving average price is $66.90. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70.

Masco (NYSE:MAS) last issued its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s payout ratio is presently 32.89%.

Insiders Place Their Bets

In related news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the sale, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays increased their target price on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. lifted their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research report on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $74.60.

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.