Iowa State Bank Sells 31,101 Shares of Masco Corporation $MAS

Iowa State Bank trimmed its position in shares of Masco Corporation (NYSE:MAS – Free Report) by 90.8% in the 3rd quarter, Holdings Channel reports. The firm owned 3,135 shares of the construction company’s stock after selling 31,101 shares during the period. Iowa State Bank’s holdings in Masco were worth $211,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional grew its stake in Masco by 3.1% during the 3rd quarter. CX Institutional now owns 6,871 shares of the construction company’s stock valued at $463,000 after acquiring an additional 205 shares in the last quarter. Versant Capital Management Inc lifted its stake in Masco by 6.3% in the 3rd quarter. Versant Capital Management Inc now owns 10,261 shares of the construction company’s stock worth $692,000 after purchasing an additional 611 shares in the last quarter. Montecito Bank & Trust lifted its stake in Masco by 5.1% in the 3rd quarter. Montecito Bank & Trust now owns 10,386 shares of the construction company’s stock worth $700,000 after purchasing an additional 505 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Masco by 2.1% during the 2nd quarter. QRG Capital Management Inc. now owns 43,797 shares of the construction company’s stock worth $3,564,000 after purchasing an additional 921 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Masco by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,617 shares of the construction company’s stock worth $864,000 after purchasing an additional 1,015 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Trading Up 2.0%

MAS stock traded up $1.38 during midday trading on Tuesday, hitting $69.84. 525,644 shares of the company’s stock were exchanged, compared to its average volume of 2,597,878. The business has a 50-day simple moving average of $71.83 and a two-hundred day simple moving average of $70.96. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The stock has a market capitalization of $13.77 billion, a PE ratio of 16.05, a P/E/G ratio of 1.67 and a beta of 1.30. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64.

Masco (NYSE:MAS – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Monday, August 24th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a report on Monday, August 3rd. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Truist Financial cut their target price on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. DA Davidson started coverage on shares of Masco in a research report on Monday, August 24th. They set a “neutral” rating and a $80.00 price target on the stock. Finally, Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a report on Thursday, July 30th. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average price target of $79.29.

View Our Latest Research Report on Masco

Masco Company Profile

(Free Report)

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.

See Also

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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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