APG Asset Management N.V. Sells 17,286 Shares of Masco Corporation $MAS

Key Points

• APG Asset Management N.V. reduced its stake in Masco Corporation by 9.2%, selling 17,286 shares and now owns approximately 0.08% of the company worth $10.99 million.
• Masco announced a quarterly dividend of $0.31 per share, yielding 1.7%, and had a payout ratio of 32.89% as of the recent filings.
• Analysts project a consensus rating of "Hold" for Masco with an average target price of $74.13, after several price adjustments from different investment firms.

APG Asset Management N.V. lowered its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,699 shares of the construction company's stock after selling 17,286 shares during the period. APG Asset Management N.V. owned approximately 0.08% of Masco worth $10,989,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Global X Japan Co. Ltd. boosted its holdings in 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 buying an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Masco during the first quarter worth about $29,000. Costello Asset Management INC bought a new position in Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco during the first quarter worth about $33,000. Finally, Stone House Investment Management LLC bought a new position in Masco during the first quarter worth about $50,000. Institutional investors own 93.91% of the company's stock.

Analysts Set New Price Targets

MAS has been the topic of a number of recent analyst reports. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a report on Monday, August 4th. Wells Fargo & Company lifted their price objective on Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. JPMorgan Chase & Co. lifted their price objective on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Finally, Baird R W cut Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $74.13.

Masco Trading Down 1.4%

NYSE MAS opened at $74.5190 on Tuesday. The stock has a market capitalization of $15.60 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.76 and a beta of 1.16. The stock's 50 day moving average price is $67.53 and its two-hundred day moving average price is $67.20. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70.

Masco (NYSE:MAS - Get Free Report) last released its earnings results 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 analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business's quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.7%. Masco's payout ratio is presently 32.89%.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business's 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 owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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.

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