Swedbank AB Has $9.98 Million Stake in Masco Corporation $MAS

Swedbank AB lifted its position in shares of Masco Corporation (NYSE:MAS) by 43.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 155,019 shares of the construction company’s stock after purchasing an additional 46,932 shares during the quarter. Swedbank AB owned 0.07% of Masco worth $9,977,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock worth $1,580,000 after buying an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after purchasing an additional 270 shares during the period. Asset Management One Co. Ltd. grew its stake in Masco by 11.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company’s stock valued at $5,990,000 after purchasing an additional 8,508 shares during the period. Entropy Technologies LP bought a new position in Masco in the 1st quarter valued at $3,946,000. Finally, State of Alaska Department of Revenue grew its stake in Masco by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company’s stock valued at $1,726,000 after purchasing an additional 235 shares during the period. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of Masco stock opened at $72.22 on Monday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The firm has a market capitalization of $15.12 billion, a PE ratio of 19.16, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. The business’s 50-day moving average price is $71.03 and its 200-day moving average price is $66.90. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given 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 currently 32.89%.

Insider Buying and Selling

In other news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $6,304,476.40. Following the sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

About Masco

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.