Oppenheimer Asset Management Inc. Lowers Stake in Masco Corporation $MAS

Oppenheimer Asset Management Inc. reduced its position in shares of Masco Corporation (NYSE:MAS) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,775 shares of the construction company’s stock after selling 2,074 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.07% of Masco worth $9,575,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MAS. Costello Asset Management INC purchased a new stake in shares of Masco during the 1st quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the 1st quarter worth about $33,000. Steph & Co. purchased a new stake in shares of Masco during the 2nd quarter worth about $39,000. Stone House Investment Management LLC purchased a new stake in shares of Masco during the 1st quarter worth about $50,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Masco during the 1st quarter worth about $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Loop Capital reissued a “hold” rating and set a $73.00 target price (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Baird R W lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target 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. Barclays upped their price target on shares of Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Finally, Royal Bank Of Canada upped their price target on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat, Masco presently has an average rating of “Hold” and a consensus target price of $73.86.

Masco Stock Down 2.0%

MAS stock opened at $68.10 on Monday. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.74 and a beta of 1.18. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $83.06. The firm has a 50-day moving average of $71.43 and a two-hundred day moving average of $67.00.

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, topping analysts’ consensus estimates of $1.08 by $0.22. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Insider Buying and Selling

In other news, CAO Heath M. Eisman sold 2,431 shares of the firm’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 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 Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

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.