Alliancebernstein L.P. Reduces Holdings in Masco Corporation $MAS

Key Points

• Alliancebernstein L.P. reduced its holdings in Masco Corporation by 28.9%, selling 96,664 shares, leaving it with about 237,716 shares valued at approximately $16.5 million.
• Insider Jai Shah sold 82,910 shares of Masco at an average price of $76.04, resulting in a 67.66% decrease in his ownership.
• Masco recently reported a quarterly EPS of $1.30, exceeding analyst expectations and guiding a FY 2025 EPS of 3.900-4.100, despite a 1.9% year-over-year revenue decline.

Alliancebernstein L.P. trimmed its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 28.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 237,716 shares of the construction company's stock after selling 96,664 shares during the period. Alliancebernstein L.P. owned about 0.11% of Masco worth $16,531,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harvest Investment Advisors LLC grew its stake in Masco by 0.7% during the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock valued at $1,604,000 after purchasing an additional 165 shares in the last quarter. Evermay Wealth Management LLC grew its position in Masco by 25.1% during the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock worth $69,000 after purchasing an additional 200 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Masco by 8.2% during the first quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after buying an additional 204 shares in the last quarter. Wedmont Private Capital grew its holdings in shares of Masco by 4.9% during the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after acquiring an additional 208 shares in the last quarter. Finally, Global X Japan Co. Ltd. boosted its stake in shares of Masco by 120.2% during the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 transaction, the insider directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Stock Performance

NYSE MAS opened at $75.34 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 business's 50-day simple moving average is $70.22 and its 200-day simple moving average is $67.06. The firm has a market capitalization of $15.77 billion, a P/E ratio of 19.98, a P/E/G ratio of 2.67 and a beta of 1.19. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is 32.89%.

Analysts Set New Price Targets

Several research firms have commented on MAS. Wells Fargo & Company upped their price target on Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday. Oppenheimer set a $79.00 price target on Masco and gave the company an "outperform" rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Masco presently has a consensus rating of "Hold" and a consensus price target of $74.60.

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.

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