Masco Corporation $MAS Shares Sold by Iowa State Bank

Key Points

• Iowa State Bank cut its Masco stake by 90.8% in the third quarter, selling 31,101 shares and retaining 3,135 shares valued at approximately $211,000. Institutional investors collectively own 93.91% of Masco.
• Masco shares recently traded at $69.84, with a market capitalization of $13.77 billion. The company reported quarterly EPS of $1.64, exceeding analysts’ $1.32 estimate, though revenue fell 2.9% year over year to $1.99 billion.
• Analyst sentiment remains broadly neutral, with six Buy, thirteen Hold, and one Sell rating; the average price target is $79.29. Masco also maintains a quarterly dividend of $0.32 per share, representing a 1.8% yield.

Iowa State Bank reduced its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 90.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,135 shares of the construction company's stock after selling 31,101 shares during the period. Iowa State Bank's holdings in Masco were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. CX Institutional grew its holdings in Masco by 3.1% during the third quarter. CX Institutional now owns 6,871 shares of the construction company's stock worth $463,000 after acquiring an additional 205 shares during the period. Versant Capital Management Inc lifted its holdings in Masco by 6.3% in the third quarter. Versant Capital Management Inc now owns 10,261 shares of the construction company's stock valued at $692,000 after acquiring an additional 611 shares during the period. Montecito Bank & Trust lifted its holdings in Masco by 5.1% in the third quarter. Montecito Bank & Trust now owns 10,386 shares of the construction company's stock valued at $700,000 after acquiring an additional 505 shares during the period. QRG Capital Management Inc. boosted its position in Masco by 2.1% in the 2nd quarter. QRG Capital Management Inc. now owns 43,797 shares of the construction company's stock worth $3,564,000 after purchasing an additional 921 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in shares of Masco by 10.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,617 shares of the construction company's stock worth $864,000 after purchasing an additional 1,015 shares during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Price Performance

Masco stock traded up $1.38 during trading on Tuesday, reaching $69.84. The company had a trading volume of 525,644 shares, compared to its average volume of 2,597,878. The firm's 50-day simple moving average is $71.83 and its 200 day simple moving average is $70.96. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The firm has a market capitalization of $13.77 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm's revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Monday, August 24th. Masco's dividend payout ratio is 29.43%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. UBS Group cut their target price on shares of Masco from $97.00 to $94.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Melius Research assumed coverage on shares of Masco in a research report on Tuesday. They set a "hold" rating and a $75.00 price target on the stock. Barclays cut their price objective on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating for the company in a report on Thursday, July 30th. Truist Financial lowered their target price on shares of Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Finally, DA Davidson assumed coverage on Masco in a research report on Monday, August 24th. They set a "neutral" rating and a $80.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $79.29.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco's plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.

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