Praxis Investment Management Inc. Trims Stock Holdings in Masco Corporation $MAS

Praxis Investment Management Inc. lowered its position in Masco Corporation (NYSE:MAS) by 45.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,870 shares of the construction company’s stock after selling 3,180 shares during the quarter. Praxis Investment Management Inc.’s holdings in Masco were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. HB Wealth Management LLC increased its holdings in shares of Masco by 2.9% in the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock valued at $355,000 after purchasing an additional 157 shares during the period. Harvest Investment Advisors LLC grew its holdings in Masco by 0.7% during the first quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock worth $1,604,000 after acquiring an additional 165 shares during the period. Abundance Wealth Counselors grew its holdings in Masco by 1.0% during the second quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company’s stock worth $1,242,000 after acquiring an additional 184 shares during the period. Farther Finance Advisors LLC grew its holdings in Masco by 9.6% during the second quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company’s stock worth $143,000 after acquiring an additional 195 shares during the period. Finally, Evermay Wealth Management LLC boosted its position in Masco by 25.1% during the first quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company’s stock worth $69,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Buying and Selling

In other Masco news, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Masco Price Performance

MAS stock opened at $67.87 on Monday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.20. The firm has a market cap of $14.21 billion, a P/E ratio of 18.00, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The stock has a 50-day simple moving average of $71.76 and a 200-day simple moving average of $66.71.

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

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders 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 yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analyst Weigh In

MAS has been the topic of a number of research analyst reports. Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Wells Fargo & Company upped their price objective on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target 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.