Parallel Advisors LLC Has $135,000 Holdings in Masco Corporation $MAS

Parallel Advisors LLC cut its stake in Masco Corporation (NYSE:MAS) by 23.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,095 shares of the construction company’s stock after selling 631 shares during the period. Parallel Advisors LLC’s holdings in Masco were worth $135,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Harvest Investment Advisors LLC increased its holdings in Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock valued at $1,604,000 after purchasing an additional 165 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in Masco by 25.1% during the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company’s stock valued at $69,000 after purchasing an additional 200 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Masco by 8.2% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company’s stock valued at $188,000 after purchasing an additional 204 shares in the last quarter. Wedmont Private Capital increased its holdings in Masco by 4.9% during the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company’s stock valued at $311,000 after purchasing an additional 208 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business’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 transaction of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the business’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 sale, the insider directly owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Masco Stock Up 0.6%

Shares of NYSE:MAS opened at $71.46 on Wednesday. The firm has a market cap of $14.96 billion, a P/E ratio of 18.95, a P/E/G ratio of 2.59 and a beta of 1.19. 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 business has a fifty day simple moving average of $71.28 and a 200 day simple moving average of $66.90.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $2 billion. During the same period last year, the company posted $1.20 EPS. The business’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. Analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s payout ratio is currently 32.89%.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Barclays boosted their target price on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $74.60.

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.