Axxcess Wealth Management LLC Sells 2,673 Shares of Masco Corporation $MAS

Axxcess Wealth Management LLC reduced its position in shares of Masco Corporation (NYSE:MAS) by 13.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,562 shares of the construction company’s stock after selling 2,673 shares during the period. Axxcess Wealth Management LLC’s holdings in Masco were worth $1,066,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Global X Japan Co. Ltd. lifted its position in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management bought a new position in shares of Masco during the first quarter valued at about $29,000. Costello Asset Management INC bought a new position in shares of Masco during the first quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco during the first quarter valued at about $33,000. Finally, Steph & Co. bought a new position in shares of Masco during the second quarter valued at about $39,000. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Shares of NYSE:MAS opened at $68.06 on Friday. The company has a 50 day moving average of $71.79 and a 200 day moving average of $66.74. 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 current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. Masco’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors 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 yield of 1.8%. Masco’s payout ratio is currently 32.89%.

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 shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction that occurred 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 transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MAS. Baird R W lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Robert W. Baird lowered shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a research report on Tuesday, July 22nd. Loop Capital reaffirmed a “hold” rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Royal Bank Of Canada lifted their price objective 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. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company 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.