Masco Corporation $MAS Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs reduced its stake in Masco Corporation by 17.8%, now holding 1,579,631 shares valued at approximately $109.85 million.
• Masco reported earnings per share of $1.30 for the last quarter, beating estimates by $0.22, despite a year-over-year revenue decline of 1.9%.
• The company declared a quarterly dividend of $0.31, translating to an annual yield of 1.7% based on its payout ratio of 32.89%.

Goldman Sachs Group Inc. cut its stake in Masco Corporation (NYSE:MAS - Free Report) by 17.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,579,631 shares of the construction company's stock after selling 342,653 shares during the quarter. Goldman Sachs Group Inc. owned about 0.75% of Masco worth $109,848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MAS. Mirae Asset Global Investments Co. Ltd. raised its stake in Masco by 10.5% during the first 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 period. Allspring Global Investments Holdings LLC raised its position in shares of Masco by 2.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company's stock valued at $769,000 after buying an additional 270 shares during the period. Asset Management One Co. Ltd. lifted its holdings in Masco by 11.0% in the first quarter. Asset Management One Co. Ltd. now owns 86,131 shares of the construction company's stock valued at $5,990,000 after acquiring an additional 8,508 shares during the last quarter. Entropy Technologies LP purchased a new position in Masco in the first quarter worth approximately $3,946,000. Finally, State of Alaska Department of Revenue increased its stake in Masco by 1.0% during the first quarter. State of Alaska Department of Revenue now owns 24,832 shares of the construction company's stock worth $1,726,000 after acquiring an additional 235 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of several recent analyst reports. Robert W. Baird lowered Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a research note on Tuesday, July 22nd. Barclays increased their target price 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. Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. JPMorgan Chase & Co. upped their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada lifted their target price on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Masco currently has an average rating of "Hold" and a consensus target price of $74.60.

Masco Stock Performance

NYSE:MAS traded down $0.09 during midday trading on Monday, reaching $73.54. The stock had a trading volume of 1,487,408 shares, compared to its average volume of 1,895,942. The stock has a market cap of $15.40 billion, a P/E ratio of 19.51, a P/E/G ratio of 2.69 and a beta of 1.19. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $86.70. The firm has a fifty day simple moving average of $70.53 and a two-hundred day simple moving average of $66.92.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same period last year, the firm earned $1.20 EPS. The company's quarterly revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, equities analysts expect that Masco Corporation will post 4.34 EPS 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 1.7%. The ex-dividend date was Friday, August 8th. Masco's dividend payout ratio (DPR) is currently 32.89%.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the company's 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 transaction, the insider directly owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total value of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

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.