4,654 Shares in Masco Corporation $MAS Purchased by Concord Asset Management LLC VA

Key Points

• Concord Asset Management LLC VA purchased 4,654 shares of Masco Corporation for approximately $300,000 in the second quarter, reflecting growing institutional interest in the construction company's stock.
• Masco's recent earnings report showed $1.30 earnings per share, exceeding estimates and indicating a strong return on equity of 1,519.31%, despite a revenue decline of 1.9% year-over-year.
• The company also announced a quarterly dividend of $0.31 per share, with a yield of 1.9%, demonstrating a commitment to returning value to shareholders.

Concord Asset Management LLC VA purchased a new stake in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,654 shares of the construction company's stock, valued at approximately $300,000.

A number of other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC lifted its position in shares of Masco by 7.7% in the second quarter. Sequoia Financial Advisors LLC now owns 68,858 shares of the construction company's stock worth $4,432,000 after purchasing an additional 4,929 shares in the last quarter. Board of the Pension Protection Fund purchased a new position in shares of Masco during the 2nd quarter valued at $740,000. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Masco by 31.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 30,611 shares of the construction company's stock valued at $1,970,000 after acquiring an additional 7,305 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in Masco by 20.1% during the second quarter. Concurrent Investment Advisors LLC now owns 5,113 shares of the construction company's stock valued at $329,000 after purchasing an additional 855 shares during the last quarter. Finally, Aberdeen Group plc boosted its position in Masco by 3.3% during the second quarter. Aberdeen Group plc now owns 173,041 shares of the construction company's stock valued at $11,137,000 after purchasing an additional 5,556 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Up 1.4%

Shares of NYSE:MAS opened at $65.99 on Tuesday. The company has a market cap of $13.82 billion, a P/E ratio of 17.50, a P/E/G ratio of 2.38 and a beta of 1.18. The stock's 50-day moving average is $71.89 and its 200-day moving average is $66.73. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.9%. Masco's payout ratio is 32.89%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Zacks Research upgraded Masco from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Royal Bank Of Canada boosted their target price 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. Wells Fargo & Company lifted their price objective on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Finally, Oppenheimer set a $79.00 target price on Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.60.

Insiders Place Their Bets

In related news, insider Jai Shah sold 82,910 shares of the business's 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 transaction, the insider owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction on 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 in the company, valued at $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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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