Nisa Investment Advisors LLC Raises Stock Position in Masco Corporation $MAS

Nisa Investment Advisors LLC increased its stake in Masco Corporation (NYSE:MAS) by 1.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,242 shares of the construction company’s stock after purchasing an additional 291 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Masco were worth $1,818,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction on 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 completion of the sale, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.50% of the company’s stock.

Masco Stock Performance

Shares of NYSE MAS opened at $64.90 on Friday. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. The company has a market cap of $13.59 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.69 and a beta of 1.18. The firm’s fifty day moving average is $70.91 and its two-hundred day moving average is $67.08. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $83.06.

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

Masco Announces Dividend

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 issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, November 7th. Masco’s payout ratio is currently 32.89%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird cut shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Loop Capital restated a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $73.07.

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.