Montecito Bank & Trust Buys Shares of 15,786 Masco Corporation $MAS

Montecito Bank & Trust purchased a new position in Masco Corporation (NYSE:MAS) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,786 shares of the construction company’s stock, valued at approximately $1,111,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC acquired a new position in Masco in the 2nd quarter valued at approximately $28,000. Headlands Technologies LLC grew its holdings in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Masco in the second quarter worth $37,000. CYBER HORNET ETFs LLC purchased a new stake in shares of Masco during the second quarter worth $37,000. Finally, Steph & Co. acquired a new stake in Masco during the second quarter valued at $39,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Argus cut their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Wells Fargo & Company upgraded Masco from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $75.00 in a report on Monday. Royal Bank Of Canada reduced their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Barclays restated an “equal weight” rating and set a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Finally, Vertical Research initiated coverage on shares of Masco in a report on Monday, October 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Masco currently has a consensus rating of “Hold” and a consensus target price of $73.53.

Masco Price Performance

Shares of Masco stock opened at $65.00 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 fifty day simple moving average of $64.35 and a 200-day simple moving average of $67.15. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.82 and a beta of 1.27. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $82.18.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s payout ratio is currently 31.79%.

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.