AE Wealth Management LLC Has $6.70 Million Stake in Masco Corporation $MAS

AE Wealth Management LLC increased its position in Masco Corporation (NYSE:MAS) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,044 shares of the construction company’s stock after purchasing an additional 13,272 shares during the period. AE Wealth Management LLC’s holdings in Masco were worth $6,696,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAS. Costello Asset Management INC acquired a new position in Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco during the first quarter worth about $33,000. Steph & Co. acquired a new stake in shares of Masco in the 2nd quarter worth about $39,000. Stone House Investment Management LLC bought a new position in Masco in the 1st quarter valued at about $50,000. Finally, Ransom Advisory Ltd bought a new position in Masco in the 1st quarter valued at about $68,000. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

MAS opened at $61.89 on Monday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $83.06. The firm has a 50-day moving average of $69.56 and a 200 day moving average of $67.25. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. The firm has a market cap of $12.85 billion, a P/E ratio of 15.87, a PEG ratio of 2.69 and a beta of 1.17.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the firm posted $1.08 EPS. The business’s revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, research analysts expect 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. Stockholders of record on Friday, November 7th will be paid a dividend of $0.31 per share. The ex-dividend date is Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Masco’s dividend payout ratio is presently 31.79%.

Insider Activity

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer 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 is available through this link. Also, 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 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on MAS shares. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price objective on Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. UBS Group cut their price objective on shares of Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Vertical Research assumed coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Argus cut their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.53.

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.