BNP Paribas Financial Markets Lowers Position in Masco Corporation $MAS

Key Points

• BNP Paribas Financial Markets reduced its stake in Masco Corporation by 35.1% in the first quarter, leaving it with 480,071 shares valued at approximately $33.38 million.
• Several institutional investors, including Nuveen LLC and Invesco Ltd., have significantly increased their stakes in Masco, with institutional ownership accounting for 93.91% of the stock.
• Masco Corporation recently reported a net margin of 10.51% and quarterly earnings of $1.30 per share, surpassing analyst estimates while maintaining guidance of 3.900-4.100 EPS for fiscal year 2025.

BNP Paribas Financial Markets trimmed its stake in Masco Corporation (NYSE:MAS - Free Report) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 480,071 shares of the construction company's stock after selling 259,923 shares during the period. BNP Paribas Financial Markets owned about 0.23% of Masco worth $33,384,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in MAS. Vanguard Group Inc. increased its stake in Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after acquiring an additional 984,403 shares during the period. Invesco Ltd. raised 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 valued at $289,253,000 after buying an additional 1,337,889 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Masco by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock worth $269,972,000 after acquiring an additional 155,351 shares during the period. Deutsche Bank AG raised its position in Masco by 12.4% in the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock worth $200,456,000 after purchasing an additional 305,156 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in Masco by 2.9% during the first quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company's stock valued at $176,291,000 after purchasing an additional 71,881 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Down 0.1%

Shares of Masco stock traded down $0.09 during trading on Wednesday, reaching $72.29. The stock had a trading volume of 1,149,037 shares, compared to its average volume of 2,015,991. 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 company has a market capitalization of $15.13 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 2.68 and a beta of 1.19. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The stock has a fifty day moving average price of $69.13 and a two-hundred day moving average price of $67.13.

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. 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 analysts' expectations of $2 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The business's quarterly revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently announced 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. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is 32.89%.

Analyst Ratings Changes

Several analysts have commented on MAS shares. JPMorgan Chase & Co. upped their target price on shares of Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, July 22nd. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Oppenheimer set a $79.00 price target on shares of Masco and gave the company an "outperform" rating in a research report on Monday, August 4th. One equities 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 data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $74.13.

Insider Activity

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm'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 sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Jai Shah sold 82,910 shares of the business's stock in a transaction 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 sale, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

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.