6,425 Shares in Masco Corporation $MAS Purchased by Petrus Trust Company LTA

Key Points

• Petrus Trust Company LTA acquired 6,425 shares of Masco Corporation, valued at approximately $447,000, during the first quarter of the year.
• Several institutional investors increased their stakes in Masco, with Mirae Asset Global Investments Co. Ltd. boosting its position by 10.5% to own 23,008 shares valued at $1,580,000.
• Barclays upgraded Masco's target price from $77.00 to $78.00, maintaining an "overweight" rating, while analysts collectively rate the stock as a "Hold" with an average target price of $74.13.

Petrus Trust Company LTA acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 6,425 shares of the construction company's stock, valued at approximately $447,000.

A number of other large investors have also added to or reduced their stakes in MAS. Nuveen LLC purchased a new position in Masco during the first quarter valued at $126,057,000. Wealthquest Corp purchased a new position in Masco during the first quarter valued at $111,722,000. Invesco Ltd. raised its stake in Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after buying an additional 1,337,889 shares during the last quarter. 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 valued at $1,883,985,000 after buying an additional 984,403 shares during 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 valued at $66,723,000 after buying an additional 933,537 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insider Buying and Selling at Masco

In related news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction 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 in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction dated 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 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 disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of research analyst reports. Loop Capital reissued a "hold" rating and issued a $73.00 target price (up previously from $62.00) on shares of Masco in a report on Monday, August 4th. Barclays lifted their target price on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.60.

Masco Stock Performance

Shares of MAS traded down $1.55 during trading hours on Friday, hitting $73.68. The stock had a trading volume of 1,639,511 shares, compared to its average volume of 1,932,812. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The firm has a market capitalization of $15.42 billion, a PE ratio of 19.54, a PEG ratio of 2.75 and a beta of 1.19. The stock has a fifty day moving average price of $70.37 and a 200 day moving average price of $67.05.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The company had revenue of $2.05 billion during 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%.Masco's revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts anticipate that Masco Corporation will post 4.34 EPS 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 was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.7%. Masco's payout ratio is 32.89%.

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.