Masco Corporation $MAS Shares Sold by 1ST Source Bank

1ST Source Bank cut its stake in Masco Corporation (NYSE:MAS) by 9.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,350 shares of the construction company’s stock after selling 1,157 shares during the period. 1ST Source Bank’s holdings in Masco were worth $730,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of MAS. Costello Asset Management INC purchased a new position in Masco during the first quarter worth approximately $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Masco during the 1st quarter worth $33,000. Steph & Co. purchased a new position in shares of Masco in the 2nd quarter worth $39,000. Stone House Investment Management LLC purchased a new position in shares of Masco in the 1st quarter worth $50,000. Finally, True Wealth Design LLC boosted its holdings in Masco by 716.0% in the second quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock valued at $56,000 after acquiring an additional 759 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on MAS. Loop Capital restated a “hold” rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Barclays decreased their target price on Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Argus dropped their target price on shares of Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Evercore ISI cut their price target on shares of Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.53.

Masco Stock Performance

Masco stock opened at $61.89 on Monday. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $83.06. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The firm’s fifty day moving average price is $69.56 and its 200 day moving average price is $67.25.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.08 earnings per share. The firm’s revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, research 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 will be paid on Monday, November 24th. Shareholders of record on Friday, November 7th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 2.0%. Masco’s payout ratio is currently 31.79%.

Insider Buying and Selling

In related 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 completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction on 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 directly 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 SEC filing for this sale provides additional information. Corporate insiders own 0.50% of the company’s stock.

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.