Vanguard Personalized Indexing Management LLC Buys 7,305 Shares of Masco Corporation $MAS

Vanguard Personalized Indexing Management LLC increased its position in Masco Corporation (NYSE:MAS) by 31.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,611 shares of the construction company’s stock after purchasing an additional 7,305 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Masco were worth $1,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MAS. Vanguard Group Inc. raised its holdings in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Invesco Ltd. raised its holdings in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Masco by 4.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock worth $269,972,000 after acquiring an additional 155,351 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Masco by 2.9% in the 1st quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company’s stock valued at $176,291,000 after acquiring an additional 71,881 shares in the last quarter. Finally, Amundi boosted its stake in Masco by 13.7% during the 1st quarter. Amundi now owns 2,132,663 shares of the construction company’s stock valued at $145,254,000 after purchasing an additional 257,572 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on MAS. JPMorgan Chase & Co. boosted their price target on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Robert W. Baird lowered Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Masco from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.60.

Insider Buying and Selling at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was 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 of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents 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 insiders.

Masco Price Performance

Shares of NYSE:MAS opened at $68.06 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 capitalization of $14.25 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The firm’s 50 day moving average price is $71.79 and its 200-day moving average price is $66.74. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.20.

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

Masco Dividend Announcement

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