Masco Corporation $MAS Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC increased its stake in Masco Corporation (NYSE:MAS) by 20.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,113 shares of the construction company’s stock after buying an additional 855 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Masco were worth $329,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. HB Wealth Management LLC grew its stake in shares of Masco by 2.9% in the second 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% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock valued at $1,604,000 after purchasing an additional 165 shares in the last quarter. Abundance Wealth Counselors grew its stake in 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. Farther Finance Advisors LLC grew its stake in Masco by 9.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company’s stock valued at $143,000 after purchasing an additional 195 shares in the last quarter. Finally, Evermay Wealth Management LLC grew its stake in Masco by 25.1% during the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company’s stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Down 0.2%

NYSE:MAS opened at $67.87 on Monday. 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 business’s 50 day moving average is $71.76 and its two-hundred day moving average is $66.71. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.20. The company has a market cap of $14.21 billion, a PE ratio of 18.00, a P/E/G ratio of 2.67 and a beta of 1.18.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.Masco’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco’s dividend payout ratio (DPR) is 32.89%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on MAS shares. Barclays raised their price objective on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Finally, Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco has an average rating of “Hold” and an average price target of $74.60.

Insider Activity at Masco

In related news, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

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.