Ieq Capital LLC Trims Stake in Masco Corporation $MAS

Key Points

• Ieq Capital LLC reduced its holdings in Masco Corporation by 44%, selling 5,774 shares and now owning 7,348 shares valued at $511,000.
• Masco reported a quarterly earnings per share (EPS) of $1.30, exceeding analysts' expectations of $1.08, despite a 1.9% year-over-year revenue decline.
• The company's recent dividend payment of $0.31 per share reflects an annualized dividend yield of 1.7%, with a payout ratio of 32.89%.

Ieq Capital LLC decreased its position in Masco Corporation (NYSE:MAS - Free Report) by 44.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,348 shares of the construction company's stock after selling 5,774 shares during the period. Ieq Capital LLC's holdings in Masco were worth $511,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. boosted its position in Masco by 10.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock valued at $1,580,000 after buying an additional 2,184 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in 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 buying an additional 270 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in shares of Masco by 11.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock worth $5,990,000 after purchasing an additional 8,508 shares during the last quarter. Entropy Technologies LP acquired a new position in Masco in the 1st quarter valued at about $3,946,000. Finally, State of Alaska Department of Revenue boosted its holdings in 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 during the period. 93.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jai Shah sold 82,910 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the sale, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the firm's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Stock Down 0.8%

Shares of MAS stock traded down $0.59 on Monday, reaching $75.49. 1,229,578 shares of the company's stock traded hands, compared to its average volume of 2,144,565. 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 company has a market capitalization of $15.80 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 2.78 and a beta of 1.19. The business's 50 day moving average price is $69.57 and its two-hundred day moving average price is $66.96. 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 announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping 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 return on equity of 1,519.31% and a net margin of 10.51%.The company's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the company earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was 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%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MAS. Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a report on Saturday, June 21st. Wells Fargo & Company increased their price target on shares of Masco from $65.00 to $73.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 14th. Barclays lifted their price target 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. Finally, Robert W. Baird lowered shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $74.13.

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.