Pallas Capital Advisors LLC Purchases Shares of 11,966 Masco Corporation $MAS

Key Points

• Pallas Capital Advisors LLC made a new investment in Masco Corporation, purchasing 11,966 shares valued at approximately $770,000 during the second quarter.
• Masco's stock received several price target upgrades from analysts, with JPMorgan Chase raising their target from $65.00 to $74.00 and Wells Fargo increasing their target from $73.00 to $80.00.
• In the recent quarter, Masco reported an EPS of $1.30, surpassing analyst expectations, while setting its FY 2025 guidance at 3.900-4.100 EPS.

Pallas Capital Advisors LLC bought a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,966 shares of the construction company's stock, valued at approximately $770,000.

A number of other institutional investors have also added to or reduced their stakes in MAS. Nuveen LLC bought a new stake in shares of Masco in the first quarter valued at about $126,057,000. Wealthquest Corp bought a new stake in Masco during the first quarter worth about $111,722,000. Invesco Ltd. lifted its position in Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after purchasing an additional 1,337,889 shares during the period. Vanguard Group Inc. raised its stake in Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after acquiring an additional 984,403 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in Masco by 3,597.0% during the first quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock worth $66,723,000 after acquiring an additional 933,537 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MAS shares. JPMorgan Chase & Co. raised their price objective on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Wells Fargo & Company increased their price target on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, September 11th. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Finally, Royal Bank Of Canada increased their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $74.60.

Masco Price Performance

Shares of MAS traded up $0.03 during trading hours on Tuesday, reaching $71.06. 70,019 shares of the company's stock traded hands, compared to its average volume of 2,161,633. The stock has a market cap of $14.88 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The firm's 50 day simple moving average is $71.14 and its 200-day simple moving average is $66.87.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for 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%.Masco's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's payout ratio is 32.89%.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $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 available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on 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 sale, the insider owned 39,638 shares in the company, valued at $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. Insiders own 0.50% of the company's stock.

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.