Generali Asset Management SPA SGR Has $92,000 Stock Holdings in Masco Corporation $MAS

Generali Asset Management SPA SGR lessened its position in Masco Corporation (NYSE:MAS) by 45.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,434 shares of the construction company’s stock after selling 1,208 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Masco were worth $92,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Masco in the 1st quarter valued at approximately $29,000. Costello Asset Management INC bought a new position in Masco in the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco in the first quarter valued at approximately $33,000. Steph & Co. bought a new position in Masco in the second quarter valued at approximately $39,000. Finally, Stone House Investment Management LLC bought a new position in Masco in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on MAS shares. Loop Capital restated 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. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Royal Bank Of Canada raised their price target on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Wall Street Zen upgraded Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Finally, Barclays lifted their target price on Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $74.60.

Masco Stock Performance

Shares of NYSE MAS opened at $67.87 on Friday. 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 Corporation has a 12 month low of $56.55 and a 12 month high of $86.20. The stock has a 50 day moving average of $71.76 and a 200-day moving average of $66.69. The company has a market capitalization of $14.21 billion, a P/E ratio of 18.00, a P/E/G ratio of 2.48 and a beta of 1.18.

Masco (NYSE:MAS) last released its quarterly 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. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, 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. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco’s payout ratio is 32.89%.

Insider Buying and Selling at Masco

In related news, insider Jai Shah sold 82,910 shares of the business’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 completion of the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction on 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 owned 12,036 shares of the company’s stock, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.