Sequoia Financial Advisors LLC Has $4.43 Million Holdings in Masco Corporation $MAS

Sequoia Financial Advisors LLC raised its position in Masco Corporation (NYSE:MAS - Free Report) by 7.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 68,858 shares of the construction company's stock after buying an additional 4,929 shares during the period. Sequoia Financial Advisors LLC's holdings in Masco were worth $4,432,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Masco by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after purchasing an additional 984,403 shares in the last quarter. Invesco Ltd. raised its stake in shares of Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock worth $269,972,000 after acquiring an additional 155,351 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Masco by 2.9% in the first quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company's stock valued at $176,291,000 after purchasing an additional 71,881 shares in the last quarter. Finally, Amundi increased its holdings in shares of Masco by 13.7% in the first quarter. Amundi now owns 2,132,663 shares of the construction company's stock valued at $145,254,000 after purchasing an additional 257,572 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Price Performance

MAS opened at $68.14 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.82 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 company has a fifty day simple moving average of $71.85 and a 200 day simple moving average of $66.74. The stock has a market cap of $14.27 billion, a P/E ratio of 18.07, a P/E/G ratio of 2.41 and a beta of 1.18.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) 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 firm had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The company's revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco's dividend payout ratio is 32.89%.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated 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 transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the company'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 value 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. This trade represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Zacks Research upgraded shares of Masco from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Robert W. Baird cut shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective on the stock. in a research note on Tuesday, July 22nd. Finally, Wells Fargo & Company raised 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. 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target 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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