Commerzbank Aktiengesellschaft FI Raises Holdings in Masco Corporation $MAS

Key Points

• Commerzbank Aktiengesellschaft FI increased its stake in Masco Corporation by 104.5% during Q2 2023, now owning 9,149 shares valued at approximately $589,000.
• Insider Jai Shah sold 82,910 shares of Masco on August 22nd for around $6.3 million, a significant decrease in his ownership of the stock.
• Masco recently declared a quarterly dividend of $0.31 per share, which corresponds to an annualized yield of 1.9%.

Commerzbank Aktiengesellschaft FI boosted its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 104.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,149 shares of the construction company's stock after buying an additional 4,675 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Masco were worth $589,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAS. Nuveen LLC purchased a new position in Masco during the first quarter valued at approximately $126,057,000. Wealthquest Corp purchased a new position in Masco during the first quarter valued at approximately $111,722,000. Invesco Ltd. boosted its stake in Masco by 47.4% in the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after acquiring an additional 1,337,889 shares in the last quarter. Vanguard Group Inc. boosted its stake in Masco by 3.8% in 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 in the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Masco by 3,597.0% in the first quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock valued at $66,723,000 after acquiring an additional 933,537 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Masco news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction on Friday, August 22nd. The shares were 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 approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction 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 $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.50% of the company's stock.

Masco Trading Down 3.6%

NYSE MAS opened at $65.00 on Friday. The company has a market capitalization of $13.61 billion, a PE ratio of 17.24, a P/E/G ratio of 2.46 and a beta of 1.18. The company has a fifty day moving average of $71.96 and a 200 day moving average of $66.80. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14.

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

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were given 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 yield of 1.9%. Masco's payout ratio is currently 32.89%.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent analyst reports. Barclays raised their target price on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Royal Bank Of Canada lifted their price objective on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Baird R W downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. Finally, Loop Capital reiterated a "hold" rating and set a $73.00 price objective (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have assigned a Hold rating to the company's stock. According to MarketBeat, Masco has an average rating of "Hold" and an average 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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