Generali Asset Management SPA SGR Sells 1,208 Shares of Masco Corporation $MAS

Generali Asset Management SPA SGR trimmed its stake in shares of Masco Corporation (NYSE:MAS) by 45.7% in the second quarter, HoldingsChannel.com reports. 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 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Twin Tree Management LP bought a new stake in shares of Masco during the 2nd quarter valued at $2,006,000. Sagespring Wealth Partners LLC bought a new stake in shares of Masco during the 2nd quarter valued at $211,000. Equitable Trust Co. lifted its position in shares of Masco by 58.3% during the 2nd quarter. Equitable Trust Co. now owns 12,828 shares of the construction company’s stock valued at $826,000 after acquiring an additional 4,722 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Masco by 7.2% during the 2nd quarter. Boston Trust Walden Corp now owns 525,265 shares of the construction company’s stock worth $33,806,000 after buying an additional 35,358 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Masco by 5.4% during the 2nd quarter. TD Asset Management Inc now owns 254,643 shares of the construction company’s stock worth $16,389,000 after buying an additional 13,113 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Insider Transactions at Masco

In other Masco 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 value of $6,304,476.40. Following the sale, the insider owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction dated 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 in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MAS shares. Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, July 22nd. Oppenheimer set a $79.00 price target on Masco and gave the stock an “outperform” rating in a report on Monday, August 4th. Wells Fargo & Company boosted their price target on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Finally, Zacks Research raised Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, Masco has a consensus rating of “Hold” and a consensus target price of $74.60.

Masco Price Performance

Shares of MAS opened at $67.87 on Friday. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.20. The business has a 50-day simple moving average of $71.76 and a two-hundred day simple moving average of $66.69. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The stock has a market cap of $14.21 billion, a PE ratio of 18.00, a PEG ratio of 2.48 and a beta of 1.18.

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

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco’s payout ratio is 32.89%.

Masco 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.