Masco Corporation $MAS Holdings Lowered by US Bancorp DE

US Bancorp DE reduced its holdings in Masco Corporation (NYSE:MAS) by 5.1% in the 2nd quarter, Holdings Channel reports. The fund owned 122,394 shares of the construction company’s stock after selling 6,592 shares during the period. US Bancorp DE’s holdings in Masco were worth $7,878,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Nuveen LLC purchased a new stake in shares of Masco during the 1st quarter worth about $126,057,000. Wealthquest Corp acquired a new stake in Masco in the 1st quarter valued at approximately $111,722,000. Invesco Ltd. grew its holdings in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after buying an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. grew its holdings in Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock valued at $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. grew its holdings in shares of Masco by 3,597.0% during the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock worth $66,723,000 after purchasing an additional 933,537 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Down 3.6%

NYSE:MAS opened at $65.00 on Monday. The stock has a market cap of $13.61 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 2.38 and a beta of 1.18. The stock has a 50-day moving average price of $71.96 and a two-hundred day moving average price of $66.75. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last issued its quarterly 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. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, equities analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 8th. Masco’s payout ratio is 32.89%.

Analyst Ratings Changes

Several analysts have recently weighed in on MAS shares. Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. JPMorgan Chase & Co. lifted their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Wells Fargo & Company lifted their price objective on Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Royal Bank Of Canada lifted their target price on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Two investment 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 stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $74.60.

Insider Activity

In related news, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction dated 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 approximately $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 SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction dated 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 $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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.