Stephens Consulting LLC Has $83,000 Holdings in Masco Corporation $MAS

Stephens Consulting LLC cut its stake in shares of Masco Corporation (NYSE:MAS) by 48.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,291 shares of the construction company’s stock after selling 1,199 shares during the period. Stephens Consulting LLC’s holdings in Masco were worth $83,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Masco during the first quarter worth $29,000. Costello Asset Management INC acquired a new position in shares of Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco during the first quarter worth $33,000. Finally, Steph & Co. acquired a new position in shares of Masco during the second quarter worth $39,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAS. Baird R W downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Wells Fargo & Company boosted their price objective on shares of Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Oppenheimer set a $79.00 price objective on shares of Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $74.60.

Masco Stock Performance

Shares of MAS opened at $65.00 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The stock has a market capitalization of $13.61 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 2.38 and a beta of 1.18. The firm’s fifty day simple moving average is $71.96 and its two-hundred day simple moving average is $66.75. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts’ consensus estimates of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business’s quarterly revenue 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. As a group, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a dividend of $0.31 per share. 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 1.9%. Masco’s dividend payout ratio is 32.89%.

Insider Transactions at Masco

In other news, 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 transaction of $6,304,476.40. Following the transaction, the insider 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction 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 position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate 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.