Masco Corporation $MAS Shares Acquired by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its position in shares of Masco Corporation (NYSE:MAS) by 2.8% during the second quarter, HoldingsChannel reports. The fund owned 6,503 shares of the construction company’s stock after acquiring an additional 176 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Masco were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MAS. Mirae Asset Global Investments Co. Ltd. grew its position in Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock worth $1,580,000 after buying an additional 2,184 shares during the period. Allspring Global Investments Holdings LLC grew its position 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 worth $769,000 after buying an additional 270 shares during the period. Nordea Investment Management AB grew its position in Masco by 6.6% during the second quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after buying an additional 206,311 shares during the period. Entropy Technologies LP acquired a new position in Masco during the first quarter worth about $3,946,000. Finally, Swedbank AB grew its position in Masco by 43.4% during the second quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock worth $9,977,000 after buying an additional 46,932 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS opened at $65.13 on Thursday. 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 company 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. The company’s 50 day simple moving average is $71.06 and its 200 day simple moving average is $67.10. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $83.06.

Masco (NYSE:MAS) last announced its quarterly earnings data 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 firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Friday, November 7th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Masco’s dividend payout ratio is presently 32.89%.

Analysts Set New Price Targets

MAS has been the topic of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Robert W. Baird lowered Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 22nd. Vertical Research started coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $73.86.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction that occurred on 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 owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the transaction, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The SEC filing for this sale provides additional information. Corporate 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.