Masco Corporation $MAS Shares Sold by Eastern Bank

Eastern Bank reduced its stake in Masco Corporation (NYSE:MAS) by 38.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,764 shares of the construction company’s stock after selling 1,087 shares during the period. Eastern Bank’s holdings in Masco were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MAS. Global X Japan Co. Ltd. raised its holdings in shares of Masco by 120.2% during the first 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 bought a new stake in shares of Masco during the first quarter valued at approximately $29,000. Costello Asset Management INC bought a new stake in shares of Masco during the first quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco during the first quarter valued at approximately $33,000. Finally, Steph & Co. bought a new stake in shares of Masco during the second quarter valued at approximately $39,000. Institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other Masco news, 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 transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction on 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 directly owned 39,638 shares in the company, valued at approximately $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 insiders.

Masco Price Performance

NYSE MAS opened at $65.00 on Monday. The stock has a market capitalization of $13.61 billion, a P/E ratio of 17.24, a P/E/G ratio of 2.38 and a beta of 1.18. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The business’s fifty day moving average is $71.96 and its two-hundred day moving average is $66.75. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

Masco (NYSE:MAS) last posted 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 company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Analyst Upgrades and Downgrades

MAS has been the topic of a number of recent analyst reports. Barclays lifted their price target on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Loop Capital reissued a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a report on Monday, August 4th. Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Finally, JPMorgan Chase & Co. boosted their target price on Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Two 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $74.60.

About Masco

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.