Masco Corporation $MAS Shares Sold by Confluence Investment Management LLC

Key Points

• Confluence Investment Management LLC reduced its holdings in Masco Corporation by 0.9%, selling 7,954 shares and now owning approximately 0.42% of the company, valued at around $57 million.
• Masco reported $1.30 EPS for the last quarter, surpassing analysts' expectations, while total revenue was $2.05 billion, down 1.9% year-over-year.
• The company declared a quarterly dividend of $0.31 per share, representing an annualized dividend yield of 1.7%.

Confluence Investment Management LLC lowered its holdings in Masco Corporation (NYSE:MAS - Free Report) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 886,059 shares of the construction company's stock after selling 7,954 shares during the period. Confluence Investment Management LLC owned about 0.42% of Masco worth $57,027,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Masco by 10.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company's stock worth $1,580,000 after purchasing an additional 2,184 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock worth $769,000 after purchasing an additional 270 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Masco by 11.0% in 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 shares of Masco in the 1st quarter worth approximately $3,946,000. Finally, State of Alaska Department of Revenue grew its stake in shares of 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 worth $1,726,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

Shares of MAS opened at $73.68 on Friday. The company's 50 day moving average price is $70.37 and its 200 day moving average price is $67.05. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $86.70. The company has a market capitalization of $15.42 billion, a PE ratio of 19.54, a PEG ratio of 2.75 and a beta of 1.19. 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 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm's revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed 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 1.7%. Masco's payout ratio is presently 32.89%.

Insider Buying and Selling

In other Masco news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was 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 of the company's stock, valued at $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MAS shares. JPMorgan Chase & Co. lifted their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Royal Bank Of Canada lifted their target price on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Barclays lifted their target price on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. 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 report on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $74.60.

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.

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