Masco Corporation $MAS Shares Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. reduced its stake in Masco Corporation by **21.6%**, ending the first quarter with **23,345 shares** valued at approximately **$1,623,000**.
• Equities analysts have varied ratings for Masco, with **Oppenheimer setting a target price of $79.00** and a consensus rating of **"Hold"** at a target price of **$74.13**.
• Masco recently declared a **quarterly dividend** of **$0.31**, representing an annualized dividend yield of **1.6%** with a payout ratio of **32.89%.**

Candriam S.C.A. trimmed its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 21.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,345 shares of the construction company's stock after selling 6,442 shares during the period. Candriam S.C.A.'s holdings in Masco were worth $1,623,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Global X Japan Co. Ltd. grew its stake in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares during the period. Alpine Bank Wealth Management acquired a new position in shares of Masco during the 1st quarter valued at $29,000. Costello Asset Management INC acquired a new position in shares of Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Masco during the first quarter worth about $33,000. Finally, GeoWealth Management LLC lifted its stake in shares of Masco by 89.0% during the fourth quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock worth $50,000 after purchasing an additional 322 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on MAS shares. Oppenheimer set a $79.00 target price on Masco and gave the company an "outperform" rating in a report on Monday, August 4th. Baird R W cut shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their target price on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Finally, Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $74.13.

Insider Buying and Selling at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business's 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 completion of the sale, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.50% of the company's stock.

Masco Price Performance

MAS opened at $75.57 on Friday. The company has a 50-day moving average of $67.29 and a 200-day moving average of $67.29. The company has a market capitalization of $15.82 billion, a P/E ratio of 20.05, a PEG ratio of 2.76 and a beta of 1.16. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. 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 (NYSE:MAS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $2.05 billion during the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Equities analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Friday, August 8th. Masco's payout ratio is 32.89%.

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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