HF Advisory Group LLC Invests $675,000 in Masco Corporation $MAS

HF Advisory Group LLC bought a new position in Masco Corporation (NYSE:MAS) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,586 shares of the construction company’s stock, valued at approximately $675,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Elevation Point Wealth Partners LLC purchased a new position in Masco in the 2nd quarter worth about $28,000. Headlands Technologies LLC boosted its holdings in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the period. Caldwell Trust Co purchased a new position in shares of Masco in the second quarter worth approximately $37,000. CYBER HORNET ETFs LLC purchased a new position in shares of Masco in the second quarter worth approximately $37,000. Finally, Steph & Co. acquired a new stake in shares of Masco during the second quarter valued at approximately $39,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent analyst reports. Evercore ISI decreased their price objective on shares of Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Argus reduced their target price on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Vertical Research initiated coverage on Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. UBS Group lowered their price target on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Finally, Barclays reissued an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a research note on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.53.

Masco Trading Up 1.5%

Masco stock opened at $64.91 on Tuesday. The company’s fifty day simple moving average is $64.56 and its 200-day simple moving average is $67.16. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a market cap of $13.48 billion, a P/E ratio of 16.64, a P/E/G ratio of 2.77 and a beta of 1.27.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.Masco’s revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, sell-side analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, November 7th. Masco’s payout ratio is currently 31.79%.

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.