Jacobson & Schmitt Advisors LLC Buys Shares of 4,600 Masco Corporation $MAS

Jacobson & Schmitt Advisors LLC acquired a new stake in Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,600 shares of the construction company’s stock, valued at approximately $296,000.

A number of other hedge funds have also recently bought and sold shares of the company. Nuveen LLC acquired a new stake in Masco in the 1st quarter worth about $126,057,000. Wealthquest Corp acquired a new position in Masco during the first quarter worth approximately $111,722,000. Invesco Ltd. boosted its holdings in shares of Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after purchasing an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock valued at $1,883,985,000 after purchasing an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in Masco by 3,597.0% during the first quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock valued at $66,723,000 after acquiring an additional 933,537 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Robert W. Baird downgraded shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Tuesday, July 22nd. Finally, 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 research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $73.07.

Insider Activity

In other Masco news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction 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 transaction, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’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 directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Masco Stock Performance

MAS stock opened at $62.92 on Wednesday. The stock’s 50 day simple moving average is $70.25 and its 200 day simple moving average is $67.20. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $83.06. The firm has a market cap of $13.07 billion, a P/E ratio of 16.13, a P/E/G ratio of 2.69 and a beta of 1.18. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 2.0%. Masco’s dividend payout ratio (DPR) is currently 31.79%.

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.