GLOBALT Investments LLC GA Sells 2,030 Shares of Masco Corporation $MAS

GLOBALT Investments LLC GA lessened its holdings in Masco Corporation (NYSE:MAS) by 5.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,463 shares of the construction company’s stock after selling 2,030 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Masco were worth $2,089,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of Masco in the 1st quarter valued at about $126,057,000. Wealthquest Corp bought a new position in shares of Masco in the 1st quarter valued at about $111,722,000. Invesco Ltd. grew its position in shares of 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 acquiring an additional 1,337,889 shares during the period. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 984,403 shares during the period. Finally, Pacer Advisors Inc. grew its position in shares of Masco by 3,597.0% in the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock valued at $66,723,000 after acquiring an additional 933,537 shares during the period. Institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

MAS has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on shares of 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 increased their price objective on shares of Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Finally, Royal Bank Of Canada increased their price objective on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, Masco has an average rating of “Hold” and an average price target of $73.86.

Masco Trading Down 2.0%

MAS stock opened at $68.10 on Friday. 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 company’s 50-day simple moving average is $71.43 and its 200 day simple moving average is $66.92. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $83.06. The company has a market capitalization of $14.26 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 2.80 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 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Masco’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, sell-side analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The firm 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 dividend yield of 1.8%. Masco’s dividend payout ratio is 32.89%.

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 shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the transaction, the insider directly 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 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 transaction of $181,401.22. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

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.