Masco Corporation $MAS Shares Acquired by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC lifted its holdings in shares of Masco Corporation (NYSE:MAS) by 20.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,629 shares of the construction company’s stock after buying an additional 610 shares during the period. Valeo Financial Advisors LLC’s holdings in Masco were worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Masco by 3.8% during 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 acquiring an additional 984,403 shares during the last quarter. Invesco Ltd. grew its position in 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 buying an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. grew its position in Masco by 4.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after buying an additional 155,351 shares during the last quarter. Ameriprise Financial Inc. grew its position in Masco by 2.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company’s stock valued at $176,291,000 after buying an additional 71,881 shares during the last quarter. Finally, Amundi lifted its stake in shares of Masco by 13.7% in the 1st quarter. Amundi now owns 2,132,663 shares of the construction company’s stock worth $145,254,000 after acquiring an additional 257,572 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

Shares of NYSE MAS opened at $65.00 on Friday. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.46 and a beta of 1.18. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The company’s 50-day moving average price is $71.96 and its 200 day moving average price is $66.80. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last announced its quarterly earnings results 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. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business 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 annualized dividend and a yield of 1.9%. Masco’s dividend payout ratio (DPR) is presently 32.89%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MAS. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research note on Wednesday. Wall Street Zen upgraded Masco from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. 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. Robert W. Baird downgraded 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. Finally, Royal Bank Of Canada lifted their price target on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.60.

Insider Buying and Selling at Masco

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

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.