Exchange Capital Management Inc. Has $1.04 Million Position in Masco Corporation $MAS

Exchange Capital Management Inc. boosted its position in Masco Corporation (NYSE:MAS) by 4.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 16,079 shares of the construction company’s stock after purchasing an additional 648 shares during the period. Exchange Capital Management Inc.’s holdings in Masco were worth $1,035,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MAS. HB Wealth Management LLC boosted its stake in 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 purchasing an additional 157 shares during the period. Harvest Investment Advisors LLC increased its position in Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock worth $1,604,000 after buying an additional 165 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Masco by 9.6% during the second quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company’s stock worth $143,000 after buying an additional 195 shares in the last quarter. Evermay Wealth Management LLC boosted its position in shares of Masco by 25.1% in the first quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company’s stock valued at $69,000 after acquiring an additional 200 shares during the period. Finally, Exchange Traded Concepts LLC boosted its position in shares of Masco by 8.2% in the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company’s stock valued at $188,000 after acquiring an additional 204 shares during the period. Institutional investors own 93.91% of the company’s stock.

Insider Activity at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the stock in a transaction that occurred 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 transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction on Tuesday, August 19th. The stock was 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. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Saturday, September 27th. Royal Bank Of Canada lifted their price target on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Barclays boosted their price target on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Finally, Oppenheimer set a $79.00 price objective on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.60.

Masco Price Performance

Shares of MAS opened at $70.40 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The stock has a market cap of $14.74 billion, a PE ratio of 18.67, a PEG ratio of 2.59 and a beta of 1.18. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The business has a 50-day simple moving average of $71.94 and a two-hundred day simple moving average of $66.90.

Masco (NYSE:MAS) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.22. The firm 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%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco’s dividend payout ratio is presently 32.89%.

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.