Evermay Wealth Management LLC Buys 220 Shares of Masco Corporation $MAS

Evermay Wealth Management LLC raised its stake in Masco Corporation (NYSE:MAS) by 22.1% during the 2nd quarter, Holdings Channel reports. The fund owned 1,216 shares of the construction company’s stock after acquiring an additional 220 shares during the period. Evermay Wealth Management LLC’s holdings in Masco were worth $78,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its holdings in Masco by 10.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock valued at $1,580,000 after acquiring an additional 2,184 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock worth $769,000 after purchasing an additional 270 shares in the last quarter. Asset Management One Co. Ltd. grew its position in shares of Masco by 11.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company’s stock worth $5,990,000 after purchasing an additional 8,508 shares in the last quarter. Entropy Technologies LP acquired a new position in shares of Masco during the 1st quarter worth approximately $3,946,000. Finally, State of Alaska Department of Revenue grew its position in shares of Masco by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company’s stock worth $1,726,000 after purchasing an additional 235 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jai Shah sold 82,910 shares of Masco 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 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on MAS shares. Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Royal Bank Of Canada increased their target price on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on shares of Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Finally, Barclays increased their price target on shares of Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Masco has a consensus rating of “Hold” and a consensus target price of $74.60.

Masco Stock Performance

Shares of Masco stock opened at $68.74 on Tuesday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $85.89. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm has a market capitalization of $14.39 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.67 and a beta of 1.18. The company’s 50 day moving average price is $71.76 and its two-hundred day moving average price is $66.75.

Masco (NYSE:MAS) last issued its 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 last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid 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 dividend yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 32.89%.

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.