Ellevest Inc. Purchases New Position in Masco Corporation $MAS

Ellevest Inc. acquired a new position in Masco Corporation (NYSE:MAS) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,547 shares of the construction company’s stock, valued at approximately $228,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake 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 during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Masco by 30.4% in the 1st quarter. D.A. Davidson & CO. now owns 12,183 shares of the construction company’s stock valued at $847,000 after purchasing an additional 2,838 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Masco by 7.9% in the first quarter. OneDigital Investment Advisors LLC now owns 3,557 shares of the construction company’s stock worth $247,000 after purchasing an additional 260 shares in the last quarter. World Investment Advisors increased its position in Masco by 7.2% during the first quarter. World Investment Advisors now owns 5,434 shares of the construction company’s stock worth $378,000 after buying an additional 366 shares during the last quarter. Finally, Concurrent Investment Advisors LLC bought a new position in Masco during the first quarter valued at about $296,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jai Shah sold 82,910 shares of the company’s 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 completion of the transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Royal Bank Of Canada lowered their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Loop Capital reissued a “hold” rating and issued a $73.00 price target (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Argus decreased their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of “Hold” and an average price target of $73.53.

Masco Trading Down 2.0%

Shares of MAS stock opened at $62.12 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $83.06. The firm’s fifty day simple moving average is $69.79 and its 200 day simple moving average is $67.14. The firm has a market capitalization of $12.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 2.0%. Masco’s dividend payout ratio is 31.79%.

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.