3,645 Shares in Masco Corporation $MAS Acquired by Patton Fund Management Inc.

Key Points

• Patton Fund Management Inc. acquired 3,645 shares in Masco Corporation, valued at approximately $235,000, during the second quarter.
• Masco Corporation reported an earnings per share (EPS) of $1.30 for the last quarter, beating expectations and indicating a slight year-over-year revenue decline of 1.9%.
• The company recently announced a quarterly dividend of $0.31, representing a 1.8% dividend yield, with a payout ratio of 32.89%.

Patton Fund Management Inc. purchased a new stake in Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 3,645 shares of the construction company's stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MAS. GAMMA Investing LLC raised its holdings in shares of Masco by 11,690.9% in the 1st quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company's stock worth $63,397,000 after purchasing an additional 903,937 shares during the period. Parallel Advisors LLC lifted its position in Masco by 14.7% during the first quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company's stock valued at $190,000 after buying an additional 349 shares in the last quarter. Rhumbline Advisers lifted its position in Masco by 8.1% during the first quarter. Rhumbline Advisers now owns 415,557 shares of the construction company's stock valued at $28,898,000 after buying an additional 31,018 shares in the last quarter. Czech National Bank grew its stake in Masco by 4.1% during the first quarter. Czech National Bank now owns 48,689 shares of the construction company's stock worth $3,386,000 after buying an additional 1,910 shares during the period. Finally, Curat Global LLC acquired a new stake in shares of Masco in the first quarter worth $90,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

MAS stock opened at $70.41 on Monday. The stock's 50 day moving average is $71.60 and its two-hundred day moving average is $66.86. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a market capitalization of $14.74 billion, a PE ratio of 18.68, a P/E/G ratio of 2.57 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business's revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given 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 payout ratio is presently 32.89%.

Wall Street Analysts Forecast Growth

MAS has been the topic of several recent research reports. Oppenheimer set a $79.00 target price on shares of Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the stock 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. Wells Fargo & Company boosted their price target on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Finally, Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $74.60.

Insider Transactions at Masco

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

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.

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