Oxbow Advisors LLC Has $6.14 Million Stock Holdings in Masco Corporation $MAS

Oxbow Advisors LLC lifted its holdings in Masco Corporation (NYSE:MAS) by 125.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,360 shares of the construction company’s stock after buying an additional 53,035 shares during the quarter. Oxbow Advisors LLC’s holdings in Masco were worth $6,137,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its stake in shares of Masco by 6.6% in the second quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after acquiring an additional 206,311 shares during the last quarter. WCM Investment Management LLC raised its position in Masco by 0.7% in the 2nd quarter. WCM Investment Management LLC now owns 45,001 shares of the construction company’s stock worth $2,888,000 after purchasing an additional 326 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in Masco by 14.6% during the 2nd quarter. Turtle Creek Wealth Advisors LLC now owns 15,148 shares of the construction company’s stock worth $975,000 after buying an additional 1,927 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in Masco by 0.8% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 417,267 shares of the construction company’s stock valued at $26,855,000 after buying an additional 3,236 shares during the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Masco in the 2nd quarter valued at $2,006,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on MAS shares. Wells Fargo & Company upped their target price on shares of Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. JPMorgan Chase & Co. raised their price objective on shares of Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Loop Capital reiterated a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Royal Bank Of Canada raised their price target on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $74.60.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated 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 $898,126.32. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the transaction, the insider directly owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Price Performance

MAS opened at $68.06 on Friday. The stock has a market cap of $14.25 billion, a P/E ratio of 18.05, a P/E/G ratio of 2.47 and a beta of 1.18. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.20. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a fifty day simple moving average of $71.79 and a 200 day simple moving average of $66.74.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.22. The firm had revenue of $2.05 billion during 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%.The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. 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.