Crestwood Advisors Group LLC Sells 1,989 Shares of Masco Corporation $MAS

Crestwood Advisors Group LLC reduced its position in Masco Corporation (NYSE:MAS) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,740 shares of the construction company’s stock after selling 1,989 shares during the period. Crestwood Advisors Group LLC’s holdings in Masco were worth $1,013,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MAS. Costello Asset Management INC purchased a new position in shares of Masco in the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco in the 1st quarter worth about $33,000. Steph & Co. purchased a new position in Masco in the 2nd quarter worth about $39,000. Stone House Investment Management LLC purchased a new position in Masco in the 1st quarter worth about $50,000. Finally, Ransom Advisory Ltd bought a new position in Masco during the 1st quarter valued at about $68,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Argus reduced their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Vertical Research initiated coverage on shares of Masco in a research note on Monday, October 20th. They set a “hold” rating for the company. Wells Fargo & Company lowered their price target on Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Robert W. Baird lowered Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price objective for the company. in a report on Tuesday, July 22nd. Finally, Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.53.

Masco Stock Down 2.0%

NYSE MAS opened at $62.12 on Friday. The stock’s 50-day moving average price is $69.79 and its 200-day moving average price is $67.14. The company has a market capitalization of $12.90 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $83.06. The company has a quick ratio of 1.14, a current ratio of 1.88 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.05). The firm had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 82,910 shares of the 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 of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The SEC filing for this sale provides additional information. 0.50% of the stock is owned by company insiders.

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.