Voya Investment Management LLC Sells 2,113 Shares of Masco Corporation $MAS

Voya Investment Management LLC decreased its holdings in shares of Masco Corporation (NYSE:MAS) by 3.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,177 shares of the construction company’s stock after selling 2,113 shares during the period. Voya Investment Management LLC’s holdings in Masco were worth $4,602,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of MAS. Global X Japan Co. Ltd. grew its holdings in Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in Masco during the 1st quarter worth about $29,000. Costello Asset Management INC bought a new stake in shares of Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Masco in the 1st quarter valued at about $33,000. Finally, Stone House Investment Management LLC acquired a new position in Masco in the 1st quarter valued at about $50,000. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the topic of a number of analyst reports. Loop Capital restated a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. JPMorgan Chase & Co. raised their price target on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Royal Bank Of Canada raised their price target on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Finally, Robert W. Baird lowered shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Masco currently has an average rating of “Hold” and a consensus target price of $74.60.

Masco Stock Performance

Shares of MAS stock opened at $72.93 on Friday. The company’s 50-day moving average is $70.91 and its 200 day moving average is $67.00. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market capitalization of $15.27 billion, a price-to-earnings ratio of 19.34, a price-to-earnings-growth ratio of 2.65 and a beta of 1.19. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, August 8th. Masco’s payout ratio is currently 32.89%.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer directly owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction dated 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 $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.50% of the company’s stock.

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.