Wedmont Private Capital Has $282,000 Stock Position in Masco Corporation $MAS

Wedmont Private Capital decreased its stake in Masco Corporation (NYSE:MAS) by 5.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,218 shares of the construction company’s stock after selling 254 shares during the period. Wedmont Private Capital’s holdings in Masco were worth $282,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management acquired a new stake in shares of Masco in the first quarter worth $29,000. Costello Asset Management INC acquired a new stake in shares of Masco in the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco in the first quarter worth $33,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Masco in the first quarter worth $50,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

Shares of NYSE:MAS opened at $72.22 on Monday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The firm has a market cap of $15.12 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The business has a fifty day moving average of $71.03 and a 200-day moving average of $66.90.

Masco (NYSE:MAS) last announced 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 return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company posted $1.20 earnings per share. The firm’s quarterly 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. On average, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s dividend payout ratio (DPR) is 32.89%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MAS. Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. Loop Capital reaffirmed a “hold” rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $74.60.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.