Masco Corporation $MAS Shares Purchased by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its holdings in shares of Masco Corporation (NYSE:MAS) by 18.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 99,606 shares of the construction company’s stock after purchasing an additional 15,201 shares during the period. Wealthfront Advisers LLC’s holdings in Masco were worth $6,411,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Costello Asset Management INC acquired a new position in shares of Masco during the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Masco in the first quarter valued at about $33,000. Steph & Co. acquired a new position in shares of Masco during the second quarter worth about $39,000. Stone House Investment Management LLC purchased a new stake in shares of Masco in the first quarter worth about $50,000. Finally, Wayfinding Financial LLC acquired a new stake in shares of Masco in the first quarter valued at about $56,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.3%

NYSE:MAS opened at $68.32 on Tuesday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market capitalization of $14.30 billion, a price-to-earnings ratio of 18.12, a price-to-earnings-growth ratio of 2.74 and a beta of 1.18. Masco Corporation has a one year low of $56.55 and a one year high of $83.06. The stock has a 50-day simple moving average of $71.34 and a 200 day simple moving average of $67.03.

Masco (NYSE:MAS) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.Masco’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

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

Insiders Place Their Bets

In other news, insider Jai Shah sold 82,910 shares of Masco 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 approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the business’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 sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MAS shares. Oppenheimer set a $79.00 price target on Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Barclays upped their target price on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Royal Bank Of Canada boosted their price objective on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.86.

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.