Wealth Enhancement Advisory Services LLC Has $48.18 Million Stock Position in Masco Corporation $MAS

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Masco Corporation by 3.3%, acquiring an additional 23,221 shares for a total holding of 725,789 shares valued at approximately $48.2 million.
• In the most recent quarter, several institutional investors, including Nuveen LLC and Vanguard Group Inc., significantly increased their stakes, indicating strong interest in Masco's stock.
• Masco recently reported earnings of $1.30 per share, beating expectations, and announced a quarterly dividend of $0.31 per share, yielding 1.7%.

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 725,789 shares of the construction company's stock after purchasing an additional 23,221 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.34% of Masco worth $48,178,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in MAS. Global X Japan Co. Ltd. increased its stake in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new stake in shares of Masco in the first quarter worth $29,000. Costello Asset Management INC acquired a new stake in shares of Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco in the 1st quarter valued at about $33,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Masco in the 1st quarter valued at about $50,000. Institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Wells Fargo & Company increased their target price on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, September 11th. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Finally, Wall Street Zen raised shares of 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 issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Masco has a consensus rating of "Hold" and an average price target of $74.60.

Masco Stock Performance

Shares of Masco stock traded down $1.15 on Monday, reaching $71.09. 3,003,472 shares of the company were exchanged, compared to its average volume of 2,107,595. 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 company's 50-day moving average is $71.14 and its two-hundred day moving average is $66.87. The firm has a market cap of $14.88 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 2.64 and a beta of 1.19. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70.

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. 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%.The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, research analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a dividend of $0.31 per share. 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 32.89%.

Insiders Place Their Bets

In other Masco news, 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 transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 completion of the sale, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. This trade represents a 67.66% 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 company insiders.

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.