Wealthcare Advisory Partners LLC Buys 250 Shares of Masco Corporation $MAS

Wealthcare Advisory Partners LLC boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 6.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,975 shares of the construction company’s stock after purchasing an additional 250 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Masco were worth $256,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. increased its holdings in Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management bought a new position in shares of Masco during the 1st quarter worth about $29,000. Costello Asset Management INC bought a new position in shares of Masco during the 1st quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco during the 1st quarter worth about $33,000. Finally, Steph & Co. acquired a new position in Masco during the 2nd quarter valued at about $39,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Royal Bank Of Canada lifted their price target on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Baird R W lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday. Loop Capital reaffirmed 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. Finally, Zacks Research raised shares of Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $74.60.

Masco Stock Performance

Shares of NYSE MAS opened at $65.00 on Friday. The firm has a fifty day moving average price of $71.96 and a 200-day moving average price of $66.80. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The stock has a market cap of $13.61 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.46 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, beating the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. Masco’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio (DPR) is 32.89%.

Insider Activity

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco 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 completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated 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 sale, the insider owned 39,638 shares of the company’s stock, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

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.