Vident Advisory LLC Acquires 5,338 Shares of Masco Corporation $MAS

Key Points

• Vident Advisory LLC increased its stake in Masco Corporation by 175.8% in the first quarter, resulting in a total holding worth $582,000.
• Major investors like Vanguard Group Inc. and Invesco Ltd. also boosted their stakes in Masco, highlighting strong institutional interest, with institutional investors owning 93.91% of the company's stock.
• Masco recently announced a quarterly dividend of $0.31 per share, representing an annual yield of 1.6%, and reported better-than-expected earnings and revenue for the last quarter.

Vident Advisory LLC grew its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 175.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,374 shares of the construction company's stock after buying an additional 5,338 shares during the quarter. Vident Advisory LLC's holdings in Masco were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in MAS. Nuveen LLC purchased a new stake in shares of Masco during the first quarter valued at approximately $126,057,000. Wealthquest Corp bought a new position in Masco during the first quarter valued at approximately $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 valued at $289,253,000 after purchasing an additional 1,337,889 shares during the period. Vanguard Group Inc. lifted its position 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 purchasing an additional 984,403 shares during the period. Finally, Pacer Advisors Inc. lifted its position 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 purchasing an additional 933,537 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Insiders Place Their Bets

In other Masco news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction 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 completion of the transaction, the insider directly owned 39,638 shares of the company's stock, valued at $3,014,073.52. This trade represents a 67.66% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company's stock, 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. Company insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MAS. Wells Fargo & Company increased their price objective on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research report on Thursday. Wall Street Zen upgraded shares of Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Barclays increased their price target on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Masco has an average rating of "Hold" and a consensus target price of $74.60.

Masco Price Performance

MAS traded up $1.80 during trading on Thursday, hitting $74.97. 670,695 shares of the company traded hands, compared to its average volume of 2,147,106. The company has a market cap of $15.70 billion, a PE ratio of 19.89, a P/E/G ratio of 2.68 and a beta of 1.19. The stock's 50-day simple moving average is $70.04 and its two-hundred day simple moving average is $67.05. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. 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 (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, beating the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The company had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the company posted $1.20 earnings per share. Masco's quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio (DPR) is presently 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.