Fiduciary Management Inc. WI Sells 99,880 Shares of Masco Corporation $MAS

Key Points

• Fiduciary Management Inc. WI reduced its stake in Masco Corporation by 3.1%, owning 3,173,672 shares after selling 99,880 shares in the first quarter. Masco accounts for about 2.1% of their portfolio, making it their 13th largest position.
• Masco recently reported an earnings per share (EPS) of $1.30, exceeding analysts' expectations of $1.08, with a total revenue of $2.05 billion for the quarter.
• The company has declared a quarterly dividend of $0.31, reflecting a dividend yield of 1.7%, with the ex-dividend date set for August 8th.

Fiduciary Management Inc. WI decreased its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 3.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,173,672 shares of the construction company's stock after selling 99,880 shares during the quarter. Masco accounts for approximately 2.1% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 13th largest position. Fiduciary Management Inc. WI owned 1.50% of Masco worth $220,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allstate Corp lifted its position in Masco by 92.9% during the first quarter. Allstate Corp now owns 12,335 shares of the construction company's stock worth $858,000 after purchasing an additional 5,941 shares during the period. Ameriprise Financial Inc. lifted its position 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 purchasing an additional 71,881 shares during the period. Norinchukin Bank The lifted its position in Masco by 14.9% during the first quarter. Norinchukin Bank The now owns 11,791 shares of the construction company's stock worth $820,000 after purchasing an additional 1,530 shares during the period. Credit Agricole S A raised its stake in Masco by 4.9% during the first quarter. Credit Agricole S A now owns 63,706 shares of the construction company's stock worth $4,430,000 after acquiring an additional 2,995 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. raised its stake in Masco by 3.6% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 49,223 shares of the construction company's stock worth $3,423,000 after acquiring an additional 1,692 shares in the last quarter. Institutional investors own 93.91% of the company's stock.

Masco Trading Up 4.5%

Shares of NYSE:MAS traded up $3.25 during midday trading on Friday, hitting $75.57. 2,447,920 shares of the stock were exchanged, compared to its average volume of 2,653,374. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 2.76 and a beta of 1.16. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The business's 50-day moving average price is $67.29 and its 200 day moving average price is $67.21. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70.

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

Masco Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on MAS shares. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price for the company. in a research note on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Wells Fargo & Company boosted their target price on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 14th. Finally, Royal Bank Of Canada boosted their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $74.13.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is currently owned by corporate 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.