Masco Corporation $MAS Shares Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors boosted its position in Masco Corporation (NYSE:MAS) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,651 shares of the construction company’s stock after purchasing an additional 184 shares during the period. Abundance Wealth Counselors’ holdings in Masco were worth $1,242,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MAS. Parallel Advisors LLC lifted its position in Masco by 14.7% in the first quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company’s stock valued at $190,000 after purchasing an additional 349 shares during the period. Rhumbline Advisers lifted its position in Masco by 8.1% in the first quarter. Rhumbline Advisers now owns 415,557 shares of the construction company’s stock valued at $28,898,000 after purchasing an additional 31,018 shares during the period. Czech National Bank lifted its position in Masco by 4.1% in the first quarter. Czech National Bank now owns 48,689 shares of the construction company’s stock valued at $3,386,000 after purchasing an additional 1,910 shares during the period. Curat Global LLC acquired a new stake in Masco in the first quarter valued at about $90,000. Finally, Procyon Advisors LLC purchased a new position in Masco in the first quarter valued at about $631,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAS shares. Robert W. Baird lowered Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Barclays upped their price target on Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada upped their price target on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Finally, Baird R W cut Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.60.

Masco Trading Up 1.0%

Shares of MAS opened at $70.94 on Friday. 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 firm has a 50 day simple moving average of $71.88 and a 200-day simple moving average of $66.90. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The stock has a market cap of $14.85 billion, a price-to-earnings ratio of 18.82, a price-to-earnings-growth ratio of 2.56 and a beta of 1.18.

Masco (NYSE:MAS) last issued its quarterly earnings data 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the company posted $1.20 EPS. The company’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 analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s payout ratio is presently 32.89%.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on 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 sale, the insider directly owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $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. 0.50% of the stock is currently owned by insiders.

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.