Masco Corporation $MAS Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Masco Corporation (NYSE:MAS) by 17.5%, now holding approximately 231,037 shares valued at $16 million.
• Masco recently reported $1.30 earnings per share, exceeding analysts' expectations of $1.08, amidst a revenue of $2.05 billion for the quarter.
• The company announced a quarterly dividend of $0.31 per share, with an annualized yield of 1.6% and a payout ratio of 32.89%.

Acadian Asset Management LLC lessened its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 17.5% in the first quarter, according to its most recent filing with the SEC. The fund owned 231,037 shares of the construction company's stock after selling 49,163 shares during the period. Acadian Asset Management LLC owned about 0.11% of Masco worth $16,063,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of MAS. Global X Japan Co. Ltd. lifted its holdings in shares of Masco by 120.2% in the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Masco in the first quarter valued at $29,000. Costello Asset Management INC purchased a new stake in shares of Masco in the first quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the first quarter worth $33,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Masco during the first quarter worth $50,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the completion of the transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction that occurred on Tuesday, August 19th. The shares were 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 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 disclosure for this sale can be found here. 0.50% of the stock is owned by company insiders.

Masco Stock Up 3.0%

MAS stock opened at $75.34 on Friday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The company has a market cap of $15.77 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 2.67 and a beta of 1.19. The business's 50-day simple moving average is $70.22 and its 200 day simple moving average is $67.06. 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 (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the business earned $1.20 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company 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. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.6%. Masco's dividend payout ratio (DPR) is 32.89%.

Analyst Upgrades and Downgrades

MAS has been the subject of several recent research reports. Robert W. Baird lowered 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. Barclays increased their price objective on Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. increased their price objective on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Masco currently has an average rating of "Hold" and an average target price of $74.60.

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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