Masco Corporation $MAS Shares Sold by Central Bank & Trust Co.

Central Bank & Trust Co. cut its position in Masco Corporation (NYSE:MAS) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,582 shares of the construction company’s stock after selling 273 shares during the period. Central Bank & Trust Co.’s holdings in Masco were worth $552,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MAS. Global X Japan Co. Ltd. boosted its stake in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Masco in the first quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Masco in the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco in the first quarter worth about $33,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Masco in the first quarter worth about $50,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

NYSE:MAS opened at $73.54 on Tuesday. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The stock has a market cap of $15.40 billion, a PE ratio of 19.51, a P/E/G ratio of 2.69 and a beta of 1.19. The stock has a 50 day moving average price of $70.53 and a 200 day moving average price of $66.92.

Masco (NYSE:MAS) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend payout ratio (DPR) is currently 32.89%.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Loop Capital restated a “hold” rating and issued a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. JPMorgan Chase & Co. upped their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Oppenheimer set a $79.00 price target on Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus price target of $74.60.

Insider Activity at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was 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 of the company’s stock, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of the firm’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 sale, the insider directly owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This trade represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

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.