DAVENPORT & Co LLC Increases Holdings in Masco Corporation $MAS

DAVENPORT & Co LLC lifted its position in shares of Masco Corporation (NYSE:MAS) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,505 shares of the construction company’s stock after acquiring an additional 204 shares during the quarter. DAVENPORT & Co LLC’s holdings in Masco were worth $419,000 at the end of the most recent quarter.

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

Masco Stock Down 3.6%

Shares of Masco stock opened at $65.00 on Monday. The company has a fifty day moving average price of $71.96 and a 200 day moving average price of $66.75. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.18.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company earned $1.20 EPS. The firm’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. Equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend payout ratio is presently 32.89%.

Analyst Ratings Changes

A number of research firms have recently commented on MAS. JPMorgan Chase & Co. upped their price objective on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. 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 report on Tuesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Finally, Baird R W downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Two equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.60.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the company’s 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 of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, 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. Corporate insiders own 0.50% of the company’s stock.

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.