Procyon Advisors LLC Has $567,000 Holdings in Masco Corporation $MAS

Procyon Advisors LLC cut its holdings in shares of Masco Corporation (NYSE:MAS) by 2.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,817 shares of the construction company’s stock after selling 254 shares during the period. Procyon Advisors LLC’s holdings in Masco were worth $567,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Global X Japan Co. Ltd. grew 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 purchasing an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in Masco during the 1st quarter worth about $29,000. Costello Asset Management INC bought a new stake in Masco during the 1st quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the 1st quarter valued at about $33,000. Finally, Stone House Investment Management LLC bought a new position in shares of Masco in the first quarter worth about $50,000. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. JPMorgan Chase & Co. boosted their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Wells Fargo & Company raised their price target on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a report on Thursday, September 11th. Finally, Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $74.60.

Insider Activity

In related news, 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 value of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the business’s 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 owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Price Performance

NYSE MAS opened at $72.93 on Friday. 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 stock has a market cap of $15.27 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 2.65 and a beta of 1.19. The business has a 50 day simple moving average of $70.91 and a 200 day simple moving average of $67.00. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70.

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, beating 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 for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm posted $1.20 earnings per share. The business’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. Analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

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.