Masco Corporation $MAS Stake Reduced by Sovran Advisors LLC

Sovran Advisors LLC lowered its stake in Masco Corporation (NYSE:MAS) by 33.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,538 shares of the construction company’s stock after selling 1,739 shares during the quarter. Sovran Advisors LLC’s holdings in Masco were worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after buying an additional 984,403 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after purchasing an additional 1,337,889 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Masco by 4.2% during the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after acquiring an additional 155,351 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Masco by 2.9% during the first quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company’s stock valued at $176,291,000 after acquiring an additional 71,881 shares during the period. Finally, Amundi boosted its holdings in Masco by 13.7% during the first quarter. Amundi now owns 2,132,663 shares of the construction company’s stock worth $145,254,000 after buying an additional 257,572 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm’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 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This trade 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 Price Performance

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

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (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 company had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s quarterly 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 analysts anticipate that Masco Corporation will post 4.34 EPS for the current 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio (DPR) is presently 32.89%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MAS. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Masco in a research report on Wednesday, May 28th. Wells Fargo & Company increased their price objective on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, September 11th. Loop Capital reiterated a “hold” rating and set a $73.00 price objective (up from $62.00) on shares of Masco in a report on Monday, August 4th. Wall Street Zen upgraded Masco from a “sell” rating to a “hold” rating in a report on Saturday, June 21st. Finally, Baird R W downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $74.60.

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.