Masco Corporation $MAS Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in Masco Corporation by 20.7%, selling 44,984 shares to hold 172,662 shares valued at $12 million.
• Masco has announced a quarterly dividend of $0.31 per share, representing an annual yield of 1.7%, with a payout ratio of 32.89%.
• In the latest earnings report, Masco exceeded analysts' expectations with $1.30 EPS, generating $2.05 billion in revenue, despite a year-over-year revenue decline of 1.9%.

American Century Companies Inc. trimmed its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 20.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,662 shares of the construction company's stock after selling 44,984 shares during the period. American Century Companies Inc. owned about 0.08% of Masco worth $12,007,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of MAS. Nuveen LLC acquired a new stake in Masco during the 1st quarter worth about $126,057,000. Wealthquest Corp purchased a new position in shares of Masco in the first quarter worth approximately $111,722,000. Invesco Ltd. raised its holdings in shares of Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock valued at $289,253,000 after acquiring an additional 1,337,889 shares during the period. Vanguard Group Inc. raised its holdings in shares of Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock valued at $1,883,985,000 after acquiring an additional 984,403 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Masco by 3,597.0% in the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company's stock valued at $66,723,000 after acquiring an additional 933,537 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Price Performance

MAS opened at $74.5190 on Tuesday. The stock has a fifty day moving average price of $67.53 and a 200 day moving average price of $67.20. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The stock has a market cap of $15.60 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.76 and a beta of 1.16.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly 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. 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 business's quarterly revenue was down 1.9% on a year-over-year basis. During the same period last year, the business earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.7%. Masco's payout ratio is 32.89%.

Insider Buying and Selling

In other news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction 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 transaction, the chief accounting officer 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 document filed with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MAS. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Royal Bank Of Canada raised their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Loop Capital reissued a "hold" rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. Finally, Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a report on Tuesday, July 22nd. One 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 company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $74.13.

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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