Masco Corporation $MAS Shares Sold by Diversified Trust Co

Key Points

• Diversified Trust Co reduced its holdings in Masco Corporation by 9.4%, owning 57,163 shares worth approximately $3.68 million following the sale of 5,919 shares.
• Masco reported earnings per share of $1.30 for the last quarter, exceeding the consensus estimate by $0.22, despite a revenue decline of 1.9% compared to the previous year.
• The company declared a quarterly dividend of $0.31 per share, resulting in an annualized yield of 1.7%, with a payout ratio of 32.89%.

Diversified Trust Co trimmed its position in Masco Corporation (NYSE:MAS - Free Report) by 9.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 57,163 shares of the construction company's stock after selling 5,919 shares during the period. Diversified Trust Co's holdings in Masco were worth $3,679,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Oliver Lagore Vanvalin Investment Group bought a new stake in Masco in the 2nd quarter worth about $149,000. NorthCrest Asset Manangement LLC grew its position in Masco by 8.6% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 9,176 shares of the construction company's stock worth $609,000 after purchasing an additional 728 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Masco by 3.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 725,789 shares of the construction company's stock worth $48,178,000 after purchasing an additional 23,221 shares in the last quarter. Swedbank AB grew its position in Masco by 43.4% in the 2nd quarter. Swedbank AB now owns 155,019 shares of the construction company's stock worth $9,977,000 after purchasing an additional 46,932 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Masco by 3.0% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 24,818 shares of the construction company's stock worth $1,597,000 after purchasing an additional 728 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on MAS shares. Barclays increased their target price on shares of Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Robert W. Baird cut shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Tuesday, July 22nd. Oppenheimer set a $79.00 target price on shares of Masco and gave the company an "outperform" rating in a research note 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. Finally, Wells Fargo & Company boosted their price objective on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a report on Thursday, September 11th. One 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 company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $74.60.

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 transaction of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares of the company's stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $76.04, for a total transaction of $6,304,476.40. Following the sale, the insider directly owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company's stock.

Masco Stock Performance

NYSE MAS traded down $1.15 on Monday, hitting $71.09. 3,003,472 shares of the company's stock traded hands, compared to its average volume of 2,173,233. 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 firm's 50-day moving average price is $71.03 and its two-hundred day moving average price is $66.90. The firm has a market capitalization of $14.88 billion, a PE ratio of 18.86, a P/E/G ratio of 2.64 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. Masco's dividend payout ratio is currently 32.89%.

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.