Masco Corporation $MAS Shares Sold by J. Safra Sarasin Holding AG

Key Points

• J. Safra Sarasin Holding AG has reduced its stake in Masco Corporation by 25%, now holding 59,575 shares valued at approximately $3.8 million.
• Several analysts have updated their price targets for Masco, with Oppenheimer setting it at $79 and Loop Capital raising it to $73.
• Insider trading activity includes a significant sale by Jai Shah, who sold 82,910 shares for around $6.3 million, reducing his ownership by 67.66%.

J. Safra Sarasin Holding AG reduced its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 25.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,575 shares of the construction company's stock after selling 19,863 shares during the period. J. Safra Sarasin Holding AG's holdings in Masco were worth $3,834,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MAS. HB Wealth Management LLC lifted its holdings in Masco by 2.9% in the 2nd quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company's stock worth $355,000 after buying an additional 157 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Masco by 6.3% during the second quarter. V Square Quantitative Management LLC now owns 5,582 shares of the construction company's stock worth $359,000 after acquiring an additional 330 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Masco in the second quarter worth about $235,000. CX Institutional boosted its holdings in Masco by 9.5% in the second quarter. CX Institutional now owns 5,303 shares of the construction company's stock valued at $341,000 after purchasing an additional 461 shares during the last quarter. Finally, Steph & Co. acquired a new stake in Masco during the 2nd quarter valued at approximately $39,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the subject of several research analyst reports. Oppenheimer set a $79.00 target price on Masco and gave the company an "outperform" rating in a research note on Monday, August 4th. Loop Capital reaffirmed a "hold" rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a report on Monday, August 4th. Barclays raised their price objective on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada upped their target price on shares of Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. Finally, Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target for the company. in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.60.

Insider Activity at Masco

In other news, insider Jai Shah sold 82,910 shares of Masco stock in a transaction that occurred on 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 owned 39,638 shares of the company's stock, valued at approximately $3,014,073.52. The trade was a 67.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the 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 completion of the transaction, the chief accounting officer directly owned 12,036 shares of the company's stock, valued at $898,126.32. This trade represents 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 currently owned by company insiders.

Masco Trading Up 1.0%

Masco stock opened at $70.94 on Friday. 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 is $71.88 and its 200-day moving average is $66.90. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The company has a market cap of $14.85 billion, a P/E ratio of 18.82, a PEG ratio of 2.56 and a beta of 1.18.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. The company had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.The firm's quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business posted $1.20 earnings per share. 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 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were paid a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is presently 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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