Masco Corporation $MAS Shares Sold by IFP Advisors Inc

IFP Advisors Inc lessened its position in shares of Masco Corporation (NYSE:MAS) by 9.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,763 shares of the construction company’s stock after selling 278 shares during the period. IFP Advisors Inc’s holdings in Masco were worth $178,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Blair William & Co. IL increased its position in Masco by 14.8% during the 2nd quarter. Blair William & Co. IL now owns 8,209 shares of the construction company’s stock worth $528,000 after purchasing an additional 1,057 shares in the last quarter. Tectonic Advisors LLC increased its position in Masco by 2.6% during the 2nd quarter. Tectonic Advisors LLC now owns 87,130 shares of the construction company’s stock worth $5,608,000 after purchasing an additional 2,169 shares in the last quarter. Optas LLC purchased a new stake in Masco during the 2nd quarter worth about $283,000. Nelson Capital Management LLC increased its position in Masco by 0.6% during the 2nd quarter. Nelson Capital Management LLC now owns 38,345 shares of the construction company’s stock worth $2,468,000 after purchasing an additional 219 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Masco by 15.6% during the 2nd quarter. Venturi Wealth Management LLC now owns 6,335 shares of the construction company’s stock worth $408,000 after purchasing an additional 856 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Activity at Masco

In related news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction that occurred 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 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 legal filing with the SEC, which is accessible through the SEC website. Also, 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 in the company, valued at $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Masco Stock Performance

Masco stock opened at $67.87 on Friday. The stock’s 50 day moving average price is $71.76 and its 200 day moving average price is $66.72. The firm has a market capitalization of $14.21 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a one year low of $56.55 and a one year high of $86.20.

Masco (NYSE:MAS) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors 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 1.8%. Masco’s payout ratio is 32.89%.

Wall Street Analyst Weigh In

A number of research firms recently commented on MAS. Barclays lifted their price objective on Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. raised their price target on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Robert W. Baird lowered 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, Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $74.60.

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.