Freestone Capital Holdings LLC Acquires 936 Shares of Masco Corporation $MAS

Freestone Capital Holdings LLC lifted its holdings in Masco Corporation (NYSE:MAS) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 38,505 shares of the construction company’s stock after acquiring an additional 936 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Masco were worth $2,478,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in Masco in the first quarter worth about $126,057,000. Wealthquest Corp purchased a new position in shares of Masco during the first quarter valued at approximately $111,722,000. Invesco Ltd. boosted its position in shares of Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after purchasing an additional 1,337,889 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. increased its position in Masco by 3,597.0% during the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock valued at $66,723,000 after buying an additional 933,537 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Price Performance

MAS opened at $63.64 on Tuesday. The company’s 50-day simple moving average is $70.48 and its two-hundred day simple moving average is $67.19. 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 stock has a market capitalization of $13.22 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.69 and a beta of 1.18. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $83.06.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the firm earned $1.08 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, analysts predict 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, November 7th. Masco’s dividend payout ratio (DPR) is 31.79%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Loop Capital reissued a “hold” rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a report on Monday, August 4th. Vertical Research began coverage on shares of Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada decreased their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Finally, Barclays cut their price target on shares of Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $73.07.

Insider Buying and Selling at Masco

In other Masco news, 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 of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s 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 sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $898,126.32. The trade was a 16.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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.