Boyd Watterson Asset Management LLC OH Acquires Shares of 10,167 Masco Corporation $MAS

Boyd Watterson Asset Management LLC OH acquired a new stake in Masco Corporation (NYSE:MAS) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 10,167 shares of the construction company’s stock, valued at approximately $654,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Costello Asset Management INC bought a new position in shares of Masco during the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco during the first quarter valued at approximately $33,000. Steph & Co. bought a new position in shares of Masco during the second quarter valued at approximately $39,000. Stone House Investment Management LLC bought a new position in shares of Masco during the first quarter valued at approximately $50,000. Finally, Wayfinding Financial LLC bought a new position in shares of Masco during the first quarter valued at approximately $56,000. Institutional investors own 93.91% of the company’s stock.

Masco Trading Up 0.3%

Shares of NYSE:MAS opened at $68.32 on Tuesday. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $83.06. The stock’s fifty day moving average price is $71.34 and its 200-day moving average price is $67.03. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The company has a market cap of $14.30 billion, a P/E ratio of 18.12, a PEG ratio of 2.74 and a beta of 1.18.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the company earned $1.20 earnings per share. Masco’s revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco’s dividend payout ratio is currently 32.89%.

Insider Transactions at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their target price on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Loop Capital reissued a “hold” rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a research note on Monday, August 4th. 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 note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $73.86.

Masco 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.