Thompson Investment Management Inc. Decreases Stake in Masco Corporation $MAS

Thompson Investment Management Inc. reduced its position in Masco Corporation (NYSE:MAS) by 5.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,137 shares of the construction company’s stock after selling 165 shares during the period. Thompson Investment Management Inc.’s holdings in Masco were worth $202,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Global X Japan Co. Ltd. boosted its position in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new position in Masco in the 1st quarter valued at about $29,000. Costello Asset Management INC purchased a new position in Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Masco in the 1st quarter valued at about $33,000. Finally, Steph & Co. purchased a new position in Masco in the 2nd quarter valued at about $39,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, 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 sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Robert W. Baird cut shares of 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. Wells Fargo & Company increased their price target 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research report on Wednesday. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Finally, Wall Street Zen raised shares of Masco from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus target price of $74.60.

Masco Price Performance

MAS opened at $65.00 on Friday. The firm has a market cap of $13.61 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 2.46 and a beta of 1.18. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $86.70. The company’s 50-day moving average price is $71.96 and its 200 day moving average price is $66.80. 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 (NYSE:MAS) last released 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. The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. Masco’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.9%. Masco’s dividend payout ratio is 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.