BI Asset Management Fondsmaeglerselskab A S Sells 121,638 Shares of Masco Corporation $MAS

Key Points

• BI Asset Management Fondsmaeglerselskab A S significantly reduced its stake in Masco Corporation by 94.7%, selling 121,638 shares and leaving it with only 6,862 shares, valued at approximately $477,000.
• Analysts have provided mixed ratings for Masco, with price targets ranging from $65.00 to $78.00 and a consensus target price of $74.13.
• Masco recently announced a quarterly dividend of $0.31 per share, with a yield of 1.6%, reflecting a dividend payout ratio of 32.89%.

BI Asset Management Fondsmaeglerselskab A S decreased its position in Masco Corporation (NYSE:MAS - Free Report) by 94.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,862 shares of the construction company's stock after selling 121,638 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in Masco were worth $477,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MAS. Nuveen LLC bought a new stake in shares of Masco in the 1st quarter worth $126,057,000. Wealthquest Corp bought a new stake in shares of Masco in the 1st quarter worth $111,722,000. Invesco Ltd. grew its stake in shares of Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after acquiring an additional 1,337,889 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after acquiring an additional 984,403 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Masco by 3,597.0% in the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock worth $66,723,000 after buying an additional 933,537 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Price Performance

Shares of Masco stock traded down $1.07 on Thursday, reaching $73.47. The stock had a trading volume of 769,693 shares, compared to its average volume of 2,155,665. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a market cap of $15.38 billion, a P/E ratio of 19.48, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The business's 50 day moving average is $68.07 and its two-hundred day moving average is $67.30.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the prior year, the firm posted $1.20 earnings per share. The company'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. As a group, research analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The company 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 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio is presently 32.89%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Loop Capital reissued a "hold" rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a report on Monday, August 4th. Royal Bank Of Canada boosted their price target on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a report on Friday, August 1st. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an "outperform" rating in a report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a report on Wednesday, May 28th. 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's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $74.13.

Insider Transactions at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the company's stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares in the company, valued at approximately $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. Corporate insiders own 0.50% of the company's stock.

About Masco

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.