Farther Finance Advisors LLC Has $143,000 Position in Masco Corporation $MAS

Farther Finance Advisors LLC raised its stake in shares of Masco Corporation (NYSE:MAS) by 9.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,216 shares of the construction company’s stock after purchasing an additional 195 shares during the period. Farther Finance Advisors LLC’s holdings in Masco were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. grew its holdings in 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 during the last quarter. Alpine Bank Wealth Management acquired a new position in Masco during the first quarter valued at approximately $29,000. Costello Asset Management INC acquired a new position in Masco during the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Masco during the first quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC acquired a new position in Masco during the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 1.0%

Shares of NYSE MAS opened at $70.94 on Friday. The stock has a market cap of $14.85 billion, a PE ratio of 18.82, a PEG ratio of 2.56 and a beta of 1.18. The business has a fifty day moving average of $71.88 and a two-hundred day moving average of $66.90. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

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. As a group, equities research analysts expect that Masco Corporation will post 4.34 earnings per share 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%.

Analyst Ratings Changes

Several brokerages have commented on MAS. Oppenheimer set a $79.00 price target on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Royal Bank Of Canada increased their price objective on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.60.

Insiders Place Their Bets

In other news, insider Jai Shah sold 82,910 shares of the firm’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 sale, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $181,401.22. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.