Ashton Thomas Private Wealth LLC Has $2.27 Million Holdings in Masco Corporation $MAS

Key Points

• Ashton Thomas Private Wealth LLC has reduced its stake in Masco Corporation by 35.3%, selling 17,763 shares and bringing its total holdings to 32,625 shares valued at approximately $2.27 million.
• Masco's stock has recently received mixed ratings from analysts, with one firm upgrading it to a "hold" while another downgraded it; the current consensus rating is a "hold" with an average target price of $74.13.
• The company reported earnings per share of $1.30 for its most recent quarter, exceeding analysts' expectations, although its revenue declined 1.9% year-over-year.

Ashton Thomas Private Wealth LLC lowered its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 35.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,625 shares of the construction company's stock after selling 17,763 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Masco were worth $2,269,000 as of its most recent SEC filing.

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

Masco Price Performance

Masco stock traded down $1.55 during midday trading on Friday, reaching $73.68. The company's stock had a trading volume of 1,639,511 shares, compared to its average volume of 1,932,812. The business has a 50-day moving average price of $70.37 and a 200-day moving average price of $67.05. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The stock has a market cap of $15.42 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly 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. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. During the same period last year, the firm posted $1.20 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, sell-side 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. Stockholders of record on Friday, August 8th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio (DPR) is presently 32.89%.

Analyst Ratings Changes

MAS has been the topic of a number of recent analyst reports. Oppenheimer set a $79.00 price target on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. Wells Fargo & Company raised their price target on Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday. Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Loop Capital restated a "hold" rating and issued a $73.00 price target (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Finally, Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research report on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $74.60.

Insider Transactions at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco 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 transaction, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. This 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 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.