Exchange Capital Management Inc. Raises Stake in Masco Corporation $MAS

Exchange Capital Management Inc. boosted its stake in shares of Masco Corporation (NYSE:MAS) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,079 shares of the construction company’s stock after buying an additional 648 shares during the quarter. Exchange Capital Management Inc.’s holdings in Masco were worth $1,035,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Masco during the 1st quarter valued at approximately $126,057,000. Wealthquest Corp purchased a new position in Masco in the first quarter valued at approximately $111,722,000. Invesco Ltd. grew its holdings 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. grew its holdings 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. increased its position in Masco by 3,597.0% in the first quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock worth $66,723,000 after buying an additional 933,537 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Insider Activity at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction that occurred on 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 owned 12,036 shares of the company’s stock, valued at $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred 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 $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MAS shares. Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Barclays increased their target price 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. Robert W. Baird lowered shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research report on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an “outperform” rating in a research note on Monday, August 4th. Finally, Wall Street Zen upgraded shares of Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $74.60.

Masco Stock Performance

NYSE MAS opened at $70.40 on Friday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. The company has a fifty day moving average of $71.94 and a 200-day moving average of $66.90. The company has a market capitalization of $14.74 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.59 and a beta of 1.18. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 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 business had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the prior year, the firm earned $1.20 earnings per share. The firm’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. As a group, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco’s payout ratio is presently 32.89%.

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.