Masco Corporation $MAS Shares Sold by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management reduced its holdings in Masco Corporation by 75.5%, leaving them with 4,377 shares valued at approximately $282,000.
• Masco reported a $1.30 EPS for the last quarter, exceeding analysts' expectations of $1.08, despite a 1.9% decline in revenue year-over-year.
• The company's quarterly dividend of $0.31 per share reflects a yield of 1.8%, with a payout ratio of 32.89%.

Ritholtz Wealth Management cut its holdings in Masco Corporation (NYSE:MAS - Free Report) by 75.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,377 shares of the construction company's stock after selling 13,512 shares during the period. Ritholtz Wealth Management's holdings in Masco were worth $282,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MAS. Alpine Bank Wealth Management purchased a new stake in shares of Masco during the 1st quarter valued at $29,000. Costello Asset Management INC purchased a new stake in shares of Masco during the 1st quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the 1st quarter valued at $33,000. Steph & Co. purchased a new stake in shares of Masco during the 2nd quarter valued at $39,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Masco during the 1st quarter valued at $50,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MAS. Vertical Research began coverage on shares of Masco in a research note on Monday. They set a "hold" rating for the company. Robert W. Baird cut shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their price objective 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. Zacks Research raised shares of Masco from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 19th. Finally, Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $73.86.

Masco Stock Up 2.3%

Shares of Masco stock opened at $70.26 on Wednesday. The company has a fifty day moving average price of $71.74 and a 200 day moving average price of $66.78. 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 twelve month low of $56.55 and a twelve month high of $83.44. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.71 and a beta of 1.18.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping 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 analyst estimates of $2 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The firm's 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. Equities research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco's payout ratio is currently 32.89%.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total value of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jai Shah sold 82,910 shares of the business's stock in a transaction 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 completion of the transaction, the insider 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. Insiders own 0.50% of the company's stock.

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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