Masco Corporation $MAS Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lowered its position in shares of Masco Corporation (NYSE:MAS) by 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,048 shares of the construction company’s stock after selling 1,667 shares during the period. Janney Montgomery Scott LLC’s holdings in Masco were worth $647,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MAS. Global X Japan Co. Ltd. grew its stake in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock worth $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management acquired a new position in Masco in the first quarter valued at $29,000. Costello Asset Management INC acquired a new position in Masco in the first quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Masco in the first quarter valued at $33,000. Finally, Steph & Co. acquired a new position in Masco in the second quarter valued at $39,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MAS shares. Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Wells Fargo & Company upped their price objective on shares of Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Loop Capital restated a “hold” rating and issued a $73.00 price objective (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Finally, 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. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $74.60.

Insider Activity

In related news, insider Jai Shah sold 82,910 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated Tuesday, August 19th. The stock was 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 $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Masco Price Performance

Shares of NYSE:MAS opened at $68.06 on Friday. The company has a 50-day simple moving average of $71.79 and a 200-day simple moving average of $66.74. Masco Corporation has a one year low of $56.55 and a one year high of $86.20. 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 stock has a market capitalization of $14.25 billion, a price-to-earnings ratio of 18.05, a PEG ratio of 2.47 and a beta of 1.18.

Masco (NYSE:MAS) last announced 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. The business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s dividend payout ratio is currently 32.89%.

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.