Savant Capital LLC Has $866,000 Holdings in Masco Corporation $MAS

Savant Capital LLC grew its holdings in shares of Masco Corporation (NYSE:MAS) by 95.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,453 shares of the construction company’s stock after acquiring an additional 6,572 shares during the quarter. Savant Capital LLC’s holdings in Masco were worth $866,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of Masco during the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the 1st quarter valued at approximately $33,000. Steph & Co. acquired a new stake in Masco in the second quarter valued at approximately $39,000. Stone House Investment Management LLC bought a new stake in shares of Masco during the first quarter worth $50,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Masco during the first quarter worth $68,000. Institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In related news, 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 transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider directly owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by insiders.

Masco Trading Down 1.2%

Shares of MAS stock opened at $61.74 on Friday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $83.06. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 15.83, a PEG ratio of 2.69 and a beta of 1.17. The stock has a 50-day moving average of $68.68 and a 200-day moving average of $67.20.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate 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 was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Masco’s dividend payout ratio is 31.79%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MAS shares. Evercore ISI cut their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Barclays dropped their target price on Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Thursday, October 30th. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Robert W. Baird downgraded Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 22nd. Finally, Oppenheimer set a $79.00 price objective on shares of Masco and gave the company an “outperform” rating in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $73.53.

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.