Masco Corporation $MAS Shares Sold by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH reduced its stake in Masco Corporation by 7.3%, selling 9,589 shares in the second quarter, bringing its total ownership to 0.06% of the company.
• Masco reported a quarterly EPS of $1.30, exceeding analysts' expectations, although its revenue decreased by 1.9% year-over-year.
• The company recently declared a quarterly dividend of $0.31, representing an annualized dividend yield of 1.8%.

Allianz Asset Management GmbH decreased its stake in Masco Corporation (NYSE:MAS - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,454 shares of the construction company's stock after selling 9,589 shares during the period. Allianz Asset Management GmbH owned 0.06% of Masco worth $7,881,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Masco by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after buying an additional 984,403 shares in the last quarter. Invesco Ltd. boosted its stake in Masco by 47.4% during the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after purchasing an additional 1,337,889 shares during the period. JPMorgan Chase & Co. boosted its stake in Masco by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock worth $269,972,000 after purchasing an additional 155,351 shares during the period. Ameriprise Financial Inc. boosted its stake in Masco by 2.9% during the 1st 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. Finally, Amundi boosted its stake in Masco by 13.7% during the 1st quarter. Amundi now owns 2,132,663 shares of the construction company's stock worth $145,254,000 after purchasing an additional 257,572 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Up 2.3%

Shares of Masco stock opened at $70.26 on Wednesday. The company has a market cap of $14.71 billion, a P/E ratio of 18.64, a PEG ratio of 2.71 and a beta of 1.18. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. Masco Corporation has a one year low of $56.55 and a one year high of $83.44. The firm has a fifty day moving average of $71.74 and a two-hundred day moving average of $66.78.

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 net margin of 10.51% and a return on equity of 1,519.31%. Masco's quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, August 8th. Masco's dividend payout ratio (DPR) is currently 32.89%.

Wall Street Analyst Weigh In

MAS has been the subject of a number of recent research reports. Wells Fargo & Company increased their price target on shares of Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research note on Thursday, September 11th. Royal Bank Of Canada increased their price target on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Vertical Research initiated coverage on shares of Masco in a research note on Monday. They set a "hold" rating for the company. Barclays increased their price target on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Masco in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $73.86.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction dated 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 transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the 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 of the company's stock, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Company 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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