Masco Corporation $MAS Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its holdings in Masco Corporation (NYSE:MAS) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,196 shares of the construction company’s stock after selling 460 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Masco were worth $1,557,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in MAS. Costello Asset Management INC purchased a new stake in shares of Masco in the first quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco in the first quarter valued at about $33,000. Steph & Co. purchased a new stake in shares of Masco in the second quarter valued at about $39,000. Stone House Investment Management LLC purchased a new stake in shares of Masco in the first quarter valued at about $50,000. Finally, Wayfinding Financial LLC purchased a new stake in shares of Masco in the first quarter valued at about $56,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Robert W. Baird cut shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Tuesday, July 22nd. Royal Bank Of Canada raised their target price on shares of Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Loop Capital restated a “hold” rating and issued a $73.00 target price (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.86.

Insider Activity

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction dated 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Stock Performance

Shares of MAS opened at $68.10 on Monday. The company has a 50-day simple moving average of $71.43 and a 200-day simple moving average of $67.00. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The company has a market capitalization of $14.26 billion, a PE ratio of 18.06, a P/E/G ratio of 2.74 and a beta of 1.18. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $83.06.

Masco (NYSE:MAS) last announced its quarterly 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. The business had revenue of $2.05 billion during 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 business’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities research analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared 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 1.8%. The ex-dividend date was Friday, August 8th. Masco’s dividend payout ratio (DPR) is currently 32.89%.

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.