Bank of Montreal Can Sells 41,072 Shares of Masco Corporation $MAS

Bank of Montreal Can reduced its position in shares of Masco Corporation (NYSE:MAS) by 15.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 221,611 shares of the construction company’s stock after selling 41,072 shares during the period. Bank of Montreal Can’s holdings in Masco were worth $14,263,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Masco news, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider owned 39,638 shares of the company’s stock, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Baird R W lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Vertical Research started coverage on shares of Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. Argus dropped their target price on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada decreased their price target on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $73.53.

Masco Stock Performance

MAS stock opened at $61.89 on Friday. Masco Corporation has a twelve month low of $56.55 and a twelve month 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. The company has a market cap of $12.85 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The business’s fifty day moving average is $69.56 and its 200-day moving average is $67.20.

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

Masco Dividend Announcement

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

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.