Masco Corporation $MAS Shares Sold by Greenleaf Trust

Greenleaf Trust cut its stake in Masco Corporation (NYSE:MAS) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,077 shares of the construction company’s stock after selling 558 shares during the period. Greenleaf Trust’s holdings in Masco were worth $906,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC lifted its stake in shares of Masco by 14.7% during the first quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company’s stock worth $190,000 after buying an additional 349 shares during the period. Rhumbline Advisers lifted its position in Masco by 8.1% during the 1st quarter. Rhumbline Advisers now owns 415,557 shares of the construction company’s stock worth $28,898,000 after acquiring an additional 31,018 shares during the period. Czech National Bank lifted its position in Masco by 4.1% during the 1st quarter. Czech National Bank now owns 48,689 shares of the construction company’s stock worth $3,386,000 after acquiring an additional 1,910 shares during the period. Curat Global LLC acquired a new stake in Masco during the 1st quarter worth about $90,000. Finally, Procyon Advisors LLC acquired a new stake in shares of Masco during the first quarter worth about $631,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated Tuesday, August 19th. The shares were 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 $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 at this link. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the sale, the insider owned 39,638 shares of the company’s stock, 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.

Masco Stock Down 0.2%

MAS opened at $70.24 on Thursday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a 50-day moving average price of $71.81 and a 200 day moving average price of $66.90. The company has a market cap of $14.70 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18.

Masco (NYSE:MAS) last announced 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 during 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 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. Sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on MAS. Robert W. Baird downgraded Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Royal Bank Of Canada upped their price objective on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Wells Fargo & Company upped their price objective on shares of Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 11th. Finally, Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Masco currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.60.

Masco 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.