Chevy Chase Trust Holdings LLC Has $7.33 Million Stock Holdings in Masco Corporation $MAS

Key Points

• Chevy Chase Trust Holdings LLC reduced its stake in Masco Corporation by 31.2%, owning approximately $7.33 million in Masco shares after selling 51,611 shares.
• Insider Jai Shah sold 82,910 shares of Masco, representing a 67.66% decrease in his position, while the company recently announced a quarterly dividend of $0.31 per share.
• Masco Corporation reported earnings of $1.30 per share, exceeding analyst estimates, although revenue dipped 1.9% compared to the previous year, with analysts projecting an earnings per share of $4.34 for the current year.

Chevy Chase Trust Holdings LLC cut its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 31.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 113,866 shares of the construction company's stock after selling 51,611 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Masco worth $7,328,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. 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. Steph & Co. acquired a new stake in shares of Masco during the second quarter worth $39,000. Finally, Stone House Investment Management LLC acquired a new stake in shares of Masco during the first quarter worth $50,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Masco

In other Masco news, 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 value of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at approximately $898,126.32. This trade 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 Price Performance

Shares of NYSE:MAS opened at $68.74 on Tuesday. The business has a 50 day moving average price of $71.76 and a 200 day moving average price of $66.75. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $85.89. The company has a market cap of $14.39 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.67 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco's dividend payout ratio is 32.89%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MAS shares. Royal Bank Of Canada upped their price target on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Barclays upped their price target on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. upped their price target on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Oppenheimer set a $79.00 price target on Masco and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have issued a Hold rating to the company's stock. According to MarketBeat.com, Masco has a consensus rating of "Hold" and a consensus target price of $74.60.

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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