Hsbc Holdings PLC Sells 64,393 Shares of Masco Corporation $MAS

Key Points

• Hsbc Holdings PLC reduced its stake in Masco Corporation by 13.3% in the first quarter, selling 64,393 shares, and currently owns 0.20% of the company valued at approximately $28.95 million.
• Masco Corporation has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price averaging at $74.13.
• The company announced a quarterly dividend of $0.31 per share, which will be paid on August 25th, representing an annualized yield of 1.6%.

Hsbc Holdings PLC trimmed its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 13.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 418,102 shares of the construction company's stock after selling 64,393 shares during the quarter. Hsbc Holdings PLC owned 0.20% of Masco worth $28,950,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Harvest Investment Advisors LLC increased its stake in Masco by 0.7% in the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock worth $1,604,000 after acquiring an additional 165 shares during the last quarter. Evermay Wealth Management LLC increased its stake in Masco by 25.1% in the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock worth $69,000 after acquiring an additional 200 shares during the last quarter. Exchange Traded Concepts LLC increased its stake in Masco by 8.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock worth $188,000 after acquiring an additional 204 shares during the last quarter. Wedmont Private Capital increased its stake in Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock worth $311,000 after acquiring an additional 208 shares during the last quarter. Finally, Global X Japan Co. Ltd. increased its stake in Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after acquiring an additional 208 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research note on Monday, August 4th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of Masco in a research note on Wednesday, May 28th. Loop Capital restated a "hold" rating and issued a $73.00 target price (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Wells Fargo & Company upped their price objective on Masco from $65.00 to $73.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Finally, Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a report on Tuesday, July 22nd. One investment 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 company. According to data from MarketBeat, Masco currently has a consensus rating of "Hold" and a consensus price target of $74.13.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated 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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.50% of the stock is owned by corporate insiders.

Masco Price Performance

MAS opened at $75.57 on Friday. The stock has a 50-day moving average price of $67.29 and a 200-day moving average price of $67.36. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. The stock has a market capitalization of $15.82 billion, a P/E ratio of 20.05, a PEG ratio of 2.64 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last issued 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 company had revenue of $2.05 billion during 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%.Masco's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

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

Masco 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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