HB Wealth Management LLC Grows Stock Position in Masco Corporation $MAS

HB Wealth Management LLC lifted its holdings in Masco Corporation (NYSE:MAS) by 2.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,522 shares of the construction company’s stock after purchasing an additional 157 shares during the period. HB Wealth Management LLC’s holdings in Masco were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its stake in shares of Masco by 120.2% in the 1st 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 purchased a new position in shares of Masco in the 1st quarter valued at about $29,000. Costello Asset Management INC purchased a new stake in Masco during the 1st quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Masco during the 1st quarter worth approximately $33,000. Finally, Steph & Co. purchased a new stake in Masco during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

NYSE:MAS opened at $68.82 on Tuesday. The firm has a market capitalization of $14.41 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The business’s fifty day moving average price is $71.96 and its 200 day moving average price is $66.83. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued 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 dividend yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 32.89%.

Insider Activity

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction 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. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the firm’s 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Royal Bank Of Canada boosted their price objective on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Oppenheimer set a $79.00 price objective on Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average price target of $74.60.

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.