Federation des caisses Desjardins du Quebec Sells 5,742 Shares of Masco Corporation $MAS

Key Points

• The Federation des caisses Desjardins du Quebec reduced its stake in Masco Corporation by 10.5%, selling 5,742 shares during the first quarter, bringing their total holdings to 49,142 shares, valued at approximately $3.4 million.
• Masco reported $1.30 earnings per share (EPS) for the most recent quarter, surpassing estimates, while quarterly revenue was $2.05 billion, down 1.9% year-over-year.
• The company has declared a quarterly dividend of $0.31, representing an annualized dividend of $1.24 with a yield of 1.6%.

Federation des caisses Desjardins du Quebec trimmed its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 10.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,142 shares of the construction company's stock after selling 5,742 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Masco were worth $3,418,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after purchasing an additional 984,403 shares in the last quarter. Invesco Ltd. increased 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 acquiring an additional 1,337,889 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Masco by 4.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after acquiring an additional 155,351 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Masco by 12.4% during the 4th quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock valued at $200,456,000 after acquiring an additional 305,156 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Masco by 2.9% during the first quarter. Ameriprise Financial Inc. now owns 2,535,098 shares of the construction company's stock worth $176,291,000 after acquiring an additional 71,881 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $75.87 on Friday. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm has a 50-day moving average of $69.57 and a 200-day moving average of $67.09. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The company has a market cap of $15.88 billion, a P/E ratio of 20.13, a P/E/G ratio of 2.70 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (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 company had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the company posted $1.20 earnings per share. Masco's quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, August 8th. Masco's payout ratio is currently 32.89%.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the business'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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction dated 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 sale, the insider owned 39,638 shares in the company, 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. Insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on MAS shares. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a research report on Tuesday, July 22nd. Barclays boosted their price objective on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada lifted their price target on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Wells Fargo & Company boosted their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Baird R W lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $74.13.

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.

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