Masco Corporation $MAS Shares Purchased by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB raised its position in Masco Corporation (NYSE:MAS) by 49.6% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,155 shares of the construction company’s stock after purchasing an additional 383 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Masco were worth $74,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Twinbeech Capital LP acquired a new position in Masco during the fourth quarter worth about $258,000. Waverly Advisors LLC boosted its holdings in shares of Masco by 19.1% during the 4th quarter. Waverly Advisors LLC now owns 8,529 shares of the construction company’s stock worth $619,000 after purchasing an additional 1,368 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Masco by 0.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,915,852 shares of the construction company’s stock valued at $139,033,000 after purchasing an additional 7,266 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Masco by 4.3% in the fourth quarter. Toronto Dominion Bank now owns 132,033 shares of the construction company’s stock valued at $9,581,000 after purchasing an additional 5,431 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in shares of Masco in the fourth quarter valued at approximately $221,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MAS. Barclays upped their target price on Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Masco in a report on Wednesday, May 28th. Robert W. Baird downgraded shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, July 22nd. Oppenheimer set a $79.00 target price on shares of Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada raised their price target on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus price target of $74.60.

Insider Buying and Selling

In other news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The shares were 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 of the company’s stock, valued at $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following 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 position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Trading Down 1.0%

MAS opened at $72.22 on Friday. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a market cap of $15.12 billion, a P/E ratio of 19.16, a PEG ratio of 2.64 and a beta of 1.19. The business’s 50-day simple moving average is $71.03 and its 200-day simple moving average is $66.95.

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

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend payout ratio is presently 32.89%.

Masco Company 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.