Masco Corporation $MAS Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC raised its holdings in Masco Corporation (NYSE:MAS) by 15.6% in the second quarter, Holdings Channel.com reports. The fund owned 6,335 shares of the construction company’s stock after acquiring an additional 856 shares during the period. Venturi Wealth Management LLC’s holdings in Masco were worth $408,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Masco by 10.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock worth $1,580,000 after acquiring an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Masco by 2.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after buying an additional 270 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Masco by 11.0% during the first quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company’s stock valued at $5,990,000 after acquiring an additional 8,508 shares during the period. Entropy Technologies LP bought a new stake in Masco during the first quarter valued at about $3,946,000. Finally, State of Alaska Department of Revenue boosted its holdings in Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company’s stock valued at $1,726,000 after acquiring an additional 235 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

MAS stock opened at $67.41 on Friday. The business’s 50-day moving average price is $72.04 and its two-hundred day moving average price is $66.84. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The firm has a market cap of $14.11 billion, a PE ratio of 17.88, a P/E/G ratio of 2.51 and a beta of 1.18. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.22. The firm 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 company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced 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. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio is 32.89%.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the business’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 sale, the chief accounting officer directly 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 disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Loop Capital reaffirmed a “hold” rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a report on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday. Royal Bank Of Canada raised their price target on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Oppenheimer set a $79.00 price target on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average price target of $74.60.

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.