Metis Global Partners LLC Decreases Stock Position in Masco Corporation $MAS

Metis Global Partners LLC lessened its stake in shares of Masco Corporation (NYSE:MAS) by 11.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,607 shares of the construction company’s stock after selling 1,013 shares during the period. Metis Global Partners LLC’s holdings in Masco were worth $490,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity

In other news, CAO Heath M. Eisman sold 2,431 shares of the firm’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 transaction of $181,401.22. Following the transaction, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the sale, the insider directly owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on MAS shares. Royal Bank Of Canada lowered their price objective on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Barclays lowered their price target on shares of Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Loop Capital reissued a “hold” rating and set a $73.00 price objective (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Wells Fargo & Company decreased their price objective on Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Finally, Vertical Research started coverage on Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $73.53.

Masco Trading Up 0.9%

MAS opened at $62.49 on Thursday. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. The stock’s 50 day moving average price is $68.92 and its 200-day moving average price is $67.24. Masco Corporation has a one year low of $56.55 and a one year high of $83.06. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.69 and a beta of 1.17.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The business 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 was down 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, equities 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 issued a $0.31 dividend. The ex-dividend date 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 presently 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.