Equitable Trust Co. Has $826,000 Position in Masco Corporation $MAS

Key Points

• Equitable Trust Co. increased its stake in Masco Corporation by 58.3%, holding 12,828 shares valued at $826,000 as of the latest reporting period.
• Analysts have shown positive sentiments towards Masco, with Zacks Research upgrading the stock to a "strong-buy" rating and the average target price now at $74.60.
• Masco announced a quarterly dividend of $0.31 per share, translating to an annualized dividend of $1.24 and a yield of 1.8%.

Equitable Trust Co. increased its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 58.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,828 shares of the construction company's stock after buying an additional 4,722 shares during the quarter. Equitable Trust Co.'s holdings in Masco were worth $826,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its position in Masco by 10.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock worth $1,580,000 after buying an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock valued at $769,000 after purchasing an additional 270 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of Masco by 11.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock valued at $5,990,000 after purchasing an additional 8,508 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Masco in the 1st quarter valued at $3,946,000. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Masco by 1.0% in the 1st quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock valued at $1,726,000 after purchasing an additional 235 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Zacks Research raised Masco from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Masco in a report on Wednesday, October 8th. Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. Barclays raised their target price on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, Masco has an average rating of "Hold" and an average price target of $74.60.

Masco Trading Down 0.8%

NYSE MAS opened at $67.58 on Thursday. 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 Corporation has a twelve month low of $56.55 and a twelve month high of $86.20. The company has a market cap of $14.15 billion, a price-to-earnings ratio of 17.93, a price-to-earnings-growth ratio of 2.49 and a beta of 1.18. The business's fifty day moving average is $71.82 and its 200 day moving average is $66.75.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data 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. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter last year, the business posted $1.20 EPS. Masco'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, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The business 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. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 8th. Masco's dividend payout ratio (DPR) is currently 32.89%.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was 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. This trade represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jai Shah sold 82,910 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 39,638 shares of the company's stock, 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. 0.50% of the stock is owned by company insiders.

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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