Sagespring Wealth Partners LLC Purchases Shares of 3,275 Masco Corporation $MAS

Sagespring Wealth Partners LLC bought a new position in Masco Corporation (NYSE:MAS) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,275 shares of the construction company’s stock, valued at approximately $211,000.

A number of other hedge funds also recently bought and sold shares of MAS. Nuveen LLC bought a new stake in Masco in the 1st quarter worth approximately $126,057,000. Wealthquest Corp bought a new stake in Masco in the 1st quarter worth approximately $111,722,000. Invesco Ltd. lifted its position in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after buying an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. lifted its position in Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its position in Masco by 3,597.0% in the 1st 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 Buying and Selling at Masco

In related news, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction 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 directly owned 12,036 shares in the company, valued at approximately $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. 0.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MAS has been the subject of a number of recent research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Loop Capital reaffirmed a “hold” rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Oppenheimer set a $79.00 price target on Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada lifted their price target on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus target price of $74.60.

Masco Price Performance

MAS opened at $67.87 on Friday. 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 $86.20. The stock has a market capitalization of $14.21 billion, a PE ratio of 18.00, a price-to-earnings-growth ratio of 2.48 and a beta of 1.18. The stock’s 50 day moving average price is $71.76 and its 200-day moving average price is $66.69.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The business’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend 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.