Farther Finance Advisors LLC Has $143,000 Stock Position in Masco Corporation $MAS

Farther Finance Advisors LLC increased its position in Masco Corporation (NYSE:MAS) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,216 shares of the construction company’s stock after purchasing an additional 195 shares during the quarter. Farther Finance Advisors LLC’s holdings in Masco were worth $143,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. increased its position in 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 purchasing an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new stake in Masco in the first quarter worth about $29,000. Costello Asset Management INC acquired a new stake in Masco in the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco during the first quarter worth about $33,000. Finally, Stone House Investment Management LLC bought a new position in Masco during the first quarter worth about $50,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Masco

In other news, 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 transaction of $6,304,476.40. Following the sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, 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 sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% 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

A number of brokerages have issued reports on MAS. Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Baird R W cut Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Wells Fargo & Company raised 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. Oppenheimer set a $79.00 target price on Masco and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $74.60.

Masco Trading Up 1.0%

NYSE MAS opened at $70.94 on Friday. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 18.82, a PEG ratio of 2.56 and a beta of 1.18. The stock’s 50 day moving average price is $71.88 and its two-hundred day moving average price is $66.90. 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 Corporation has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. The firm 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 business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.7%. Masco’s payout ratio 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.