Raymond James Financial Inc. Purchases 49,115 Shares of Masco Corporation $MAS

Key Points

• Raymond James Financial Inc. boosted its stake in Masco Corporation by 10.7%, acquiring an additional 49,115 shares to reach a total of 506,018 shares worth approximately $35.2 million.
• Masco's earnings report revealed a quarterly earnings per share of $1.30, surpassing analysts' expectations of $1.08, while quarterly revenue was $2.05 billion, slightly below last year's figures.
• The company declared a quarterly dividend of $0.31 per share, resulting in an annualized yield of 1.6%, with the dividend payout scheduled for August 25th.

Raymond James Financial Inc. increased its position in Masco Corporation (NYSE:MAS - Free Report) by 10.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 506,018 shares of the construction company's stock after purchasing an additional 49,115 shares during the quarter. Raymond James Financial Inc. owned approximately 0.24% of Masco worth $35,188,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Jump Financial LLC bought a new position in Masco in the fourth quarter worth $284,000. GeoWealth Management LLC lifted its position in Masco by 89.0% in the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares during the period. Dimensional Fund Advisors LP lifted its position in Masco by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,224,244 shares of the construction company's stock worth $88,845,000 after purchasing an additional 30,915 shares during the period. MetLife Investment Management LLC lifted its position in Masco by 0.6% in the fourth quarter. MetLife Investment Management LLC now owns 57,097 shares of the construction company's stock worth $4,144,000 after purchasing an additional 319 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Masco by 32.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,356 shares of the construction company's stock worth $897,000 after purchasing an additional 3,044 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

Shares of NYSE:MAS opened at $75.57 on Friday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The firm has a market cap of $15.82 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 2.76 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The business has a fifty day moving average of $67.29 and a 200-day moving average of $67.29.

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 analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same period last year, the company posted $1.20 earnings per share. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Friday, August 8th. Masco's dividend payout ratio (DPR) is presently 32.89%.

Analyst Ratings Changes

Several research firms have issued reports on MAS. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Oppenheimer set a $79.00 price objective on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their price objective on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, JPMorgan Chase & Co. increased 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. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $74.13.

Insider Buying and Selling

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $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 Securities & Exchange Commission, which can be accessed through the SEC website. 0.50% of the stock is currently owned by insiders.

Masco 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.