Masco Corporation $MAS Shares Sold by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. reduced its stake in Masco Corporation by 52.9% during the second quarter, now holding shares worth approximately $2.48 million.
• Masco announced a quarterly dividend of $0.31 per share, reflecting a 1.7% yield and a payout ratio of 32.89%.
• The company reported second-quarter earnings of $1.30 per share, surpassing estimates and showing a net margin of 10.51%, despite a 1.9% year-over-year decline in revenue.

Mn Services Vermogensbeheer B.V. cut its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 52.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,478 shares of the construction company's stock after selling 43,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Masco were worth $2,476,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in shares of Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock worth $26,000 after buying an additional 208 shares in the last quarter. Alpine Bank Wealth Management purchased a new stake in shares of Masco during the first quarter worth about $29,000. Costello Asset Management INC purchased a new stake in shares of Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Masco during the first quarter worth about $33,000. Finally, Stone House Investment Management LLC purchased a new stake in shares of Masco during the first quarter worth about $50,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

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

Masco Stock Performance

MAS stock traded down $0.15 during trading on Tuesday, hitting $70.88. 430,678 shares of the company's stock traded hands, compared to its average volume of 2,163,616. 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 52 week low of $56.55 and a 52 week high of $86.70. The stock has a fifty day moving average price of $71.14 and a two-hundred day moving average price of $66.87. The stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm's revenue for the quarter was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, equities analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

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

Wall Street Analysts Forecast Growth

MAS has been the topic of several research analyst reports. Zacks Research raised shares of Masco from a "hold" rating to a "strong-buy" rating in a research report on Friday. Wells Fargo & Company raised their target price on shares of Masco from $73.00 to $80.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 11th. Barclays raised their target price on shares of Masco from $77.00 to $78.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada raised their target price on shares of Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.60.

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.