Rehmann Capital Advisory Group Has $1.18 Million Holdings in Masco Corporation $MAS

Rehmann Capital Advisory Group grew its stake in Masco Corporation (NYSE:MAS) by 16.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,347 shares of the construction company’s stock after buying an additional 2,551 shares during the period. Rehmann Capital Advisory Group’s holdings in Masco were worth $1,181,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Schwartz Investment Counsel Inc. lifted its position in shares of Masco by 50.0% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 60,000 shares of the construction company’s stock worth $3,862,000 after purchasing an additional 20,000 shares during the last quarter. Evermay Wealth Management LLC lifted its position in shares of Masco by 22.1% during the 2nd quarter. Evermay Wealth Management LLC now owns 1,216 shares of the construction company’s stock worth $78,000 after purchasing an additional 220 shares during the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of Masco by 107.6% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,186 shares of the construction company’s stock worth $488,000 after purchasing an additional 3,725 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Masco during the 2nd quarter worth about $16,173,000. Finally, Foster & Motley Inc. lifted its position in shares of Masco by 26.8% during the 2nd quarter. Foster & Motley Inc. now owns 26,904 shares of the construction company’s stock worth $1,732,000 after purchasing an additional 5,679 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Down 1.7%

MAS stock opened at $68.96 on Thursday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $83.10. The firm has a market cap of $14.44 billion, a P/E ratio of 18.29, a P/E/G ratio of 2.77 and a beta of 1.18. The business’s 50 day moving average is $71.62 and its 200-day moving average is $66.79. 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 released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $1.20 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid 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 currently 32.89%.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction 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 transaction, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $6,304,476.40. Following 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. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAS has been the subject of several research analyst reports. Wells Fargo & Company boosted their price objective on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Vertical Research started coverage on Masco in a research note on Monday. They set a “hold” rating on the stock. 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. Barclays boosted their price target on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. boosted their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $73.86.

About Masco

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.