Rakuten Investment Management Inc. Acquires New Stake in Masco Corporation $MAS

Rakuten Investment Management Inc. bought a new position in shares of Masco Corporation (NYSE:MAS) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 18,604 shares of the construction company’s stock, valued at approximately $1,310,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new position in shares of Masco during the second quarter worth about $28,000. Headlands Technologies LLC increased its position in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares during the period. Caldwell Trust Co bought a new position in Masco during the 2nd quarter worth approximately $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Masco in the 2nd quarter worth approximately $37,000. Finally, Steph & Co. bought a new stake in shares of Masco in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $68.73 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.88 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 stock’s 50 day moving average is $65.04 and its 200-day moving average is $67.74. The firm has a market capitalization of $14.27 billion, a price-to-earnings ratio of 17.62, a PEG ratio of 2.77 and a beta of 1.28.

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

Masco Dividend Announcement

The firm 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. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco’s payout ratio is presently 31.79%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. UBS Group lowered their target price on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Argus lowered their price objective on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Evercore ISI lowered their target price on Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. Finally, Vertical Research initiated coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Six analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Masco has an average rating of “Hold” and a consensus target price of $73.20.

Masco Profile

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.