Foster & Motley Inc. Acquires 5,679 Shares of Masco Corporation $MAS

Key Points

• Foster & Motley Inc. increased its holdings in Masco Corporation by 26.8%, acquiring an additional 5,679 shares, bringing their total to 26,904 shares valued at approximately $1.73 million.
• Masco reported earnings of $1.30 per share for the last quarter, exceeding analyst expectations of $1.08, despite a 1.9% decrease in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.31 per share, with a dividend yield of 1.8% and a payout ratio of 32.89%.

Foster & Motley Inc. increased its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 26.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,904 shares of the construction company's stock after purchasing an additional 5,679 shares during the period. Foster & Motley Inc.'s holdings in Masco were worth $1,732,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Masco in the 1st quarter valued at approximately $29,000. Costello Asset Management INC bought a new stake in Masco in the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco in the 1st quarter valued at approximately $33,000. Steph & Co. bought a new stake in Masco in the 2nd quarter valued at approximately $39,000. Finally, Stone House Investment Management LLC bought a new stake in Masco in the 1st quarter valued at approximately $50,000. Institutional investors own 93.91% of the company's stock.

Masco Stock Down 0.2%

MAS stock opened at $67.87 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The firm has a market capitalization of $14.21 billion, a PE ratio of 18.00, a PEG ratio of 2.48 and a beta of 1.18. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.20. The business's 50 day simple moving average is $71.76 and its 200 day simple moving average is $66.69.

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

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued 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 dividend yield of 1.8%. Masco's payout ratio is presently 32.89%.

Insider Buying and Selling

In related news, insider Jai Shah sold 82,910 shares of the business'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 transaction, the insider directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company's 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on MAS. Loop Capital restated a "hold" rating and issued a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Weiss Ratings reiterated a "hold (c+)" rating on shares of Masco in a research note on Wednesday, October 8th. Barclays upped 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. Finally, JPMorgan Chase & Co. upped their price objective on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $74.60.

About Masco

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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