Geode Capital Management LLC Purchases 60,672 Shares of Masco Corporation $MAS

Geode Capital Management LLC grew its position in Masco Corporation (NYSE:MAS) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,296,209 shares of the construction company’s stock after purchasing an additional 60,672 shares during the period. Geode Capital Management LLC owned about 2.53% of Masco worth $339,391,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC increased its position in shares of Masco by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock valued at $355,000 after buying an additional 157 shares in the last quarter. Harvest Investment Advisors LLC grew its stake in Masco by 0.7% in the first quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock valued at $1,604,000 after acquiring an additional 165 shares during the period. Applied Finance Capital Management LLC increased its holdings in shares of Masco by 3.2% in the second quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock worth $360,000 after acquiring an additional 173 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of Masco by 2.8% during the second quarter. Transcend Capital Advisors LLC now owns 6,503 shares of the construction company’s stock worth $419,000 after purchasing an additional 176 shares during the period. Finally, Abundance Wealth Counselors lifted its holdings in shares of Masco by 1.0% during the 2nd quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company’s stock valued at $1,242,000 after purchasing an additional 184 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAS. Vertical Research started coverage on Masco in a research note on Monday, October 20th. They set a “hold” rating for the company. Evercore ISI lowered their price objective on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Loop Capital restated a “hold” rating and set a $73.00 price objective (up from $62.00) on shares of Masco in a report on Monday, August 4th. UBS Group reduced their target price on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Wells Fargo & Company lowered their target price on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One equities 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $73.53.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction 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 directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.50% of the stock is owned by insiders.

Masco Stock Down 1.8%

Masco stock opened at $60.66 on Friday. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $83.06. The company has a fifty day simple moving average of $68.37 and a 200 day simple moving average of $67.25. The company has a market cap of $12.60 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders 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 yield of 2.0%. The ex-dividend date is Friday, November 7th. Masco’s dividend payout ratio (DPR) is currently 31.79%.

Masco Company 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.