Masco Corporation $MAS Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its position in Masco Corporation (NYSE:MAS) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,970 shares of the construction company’s stock after selling 200 shares during the period. Securian Asset Management Inc.’s holdings in Masco were worth $706,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. HB Wealth Management LLC lifted its stake in shares of Masco by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock valued at $355,000 after purchasing an additional 157 shares in the last quarter. Harvest Investment Advisors LLC lifted its position in Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock worth $1,604,000 after acquiring an additional 165 shares in the last quarter. Applied Finance Capital Management LLC lifted its position in Masco by 3.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock worth $360,000 after acquiring an additional 173 shares in the last quarter. Abundance Wealth Counselors lifted its position in Masco by 1.0% during the 2nd quarter. Abundance Wealth Counselors now owns 18,651 shares of the construction company’s stock worth $1,242,000 after acquiring an additional 184 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Masco by 9.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company’s stock worth $143,000 after acquiring an additional 195 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MAS has been the topic of several recent research reports. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Barclays boosted their price target on Masco from $77.00 to $78.00 and gave the stock 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. Loop Capital reaffirmed a “hold” rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Finally, Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $73.86.

Masco Stock Performance

Shares of MAS opened at $68.10 on Friday. The business’s 50 day moving average is $71.43 and its two-hundred day moving average is $66.92. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $83.06. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 18.06, a PEG ratio of 2.80 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating 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 the consensus estimate of $2 billion. During the same period in the previous year, the business earned $1.20 EPS. The business’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued 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%.

Insider Buying and Selling

In other news, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction that occurred 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 approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction that occurred 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. 0.50% of the stock is currently owned by insiders.

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.