Geneos Wealth Management Inc. Purchases 9,038 Shares of Masco Corporation $MAS

Geneos Wealth Management Inc. increased its position in shares of Masco Corporation (NYSE:MAS) by 6,106.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,186 shares of the construction company’s stock after purchasing an additional 9,038 shares during the period. Geneos Wealth Management Inc.’s holdings in Masco were worth $647,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MAS. Norges Bank bought a new position in shares of Masco during the second quarter valued at approximately $122,990,000. Vanguard Group Inc. boosted its holdings in Masco by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after acquiring an additional 1,780,673 shares during the period. Holocene Advisors LP grew its position in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after acquiring an additional 1,635,746 shares during the last quarter. Boston Partners increased its stake in Masco by 16.3% in the second quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after purchasing an additional 810,881 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in shares of Masco by 75.3% during the second quarter. Qube Research & Technologies Ltd now owns 1,663,377 shares of the construction company’s stock worth $107,055,000 after purchasing an additional 714,287 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Trading Up 3.2%

MAS opened at $69.39 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. The firm has a market cap of $14.41 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 2.71 and a beta of 1.28. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a fifty day moving average price of $63.51 and a 200-day moving average price of $67.40.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco’s dividend payout ratio is 31.79%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MAS shares. Royal Bank Of Canada restated a “sector perform” rating and issued a $67.00 price target on shares of Masco in a report on Friday. Evercore ISI reduced their target price on shares of Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Citigroup reduced their price objective on Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company raised Masco from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $70.00 to $75.00 in a research report on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average target price of $73.00.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.