Masco Corporation $MAS Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC increased its position in shares of Masco Corporation (NYSE:MAS) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,503 shares of the construction company’s stock after purchasing an additional 176 shares during the period. Transcend Capital Advisors LLC’s holdings in Masco were worth $419,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of Masco during the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco during the first quarter worth $33,000. Steph & Co. acquired a new position in shares of Masco during the second quarter worth $39,000. Stone House Investment Management LLC acquired a new position in shares of Masco during the first quarter worth $50,000. Finally, Wayfinding Financial LLC purchased a new stake in Masco in the first quarter valued at $56,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business’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 transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jai Shah sold 82,910 shares of the business’s 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 transaction, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by corporate insiders.

Masco Price Performance

Shares of NYSE:MAS opened at $65.13 on Thursday. The company has a 50-day simple moving average of $71.06 and a 200-day simple moving average of $67.10. Masco Corporation has a one year low of $56.55 and a one year high of $83.06. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The stock has a market capitalization of $13.63 billion, a price-to-earnings ratio of 17.28, a PEG ratio of 2.75 and a beta of 1.18.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period in the previous year, the company posted $1.08 earnings per share. Masco’s quarterly 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, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued 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 of this dividend is Friday, November 7th. Masco’s dividend payout ratio is presently 32.89%.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Loop Capital reissued a “hold” rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price target on shares of Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Finally, Robert W. Baird cut shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.86.

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.