Synovus Financial Corp Sells 16,022 Shares of Masco Corporation $MAS

Key Points

• Synovus Financial Corp has reduced its holdings in Masco Corporation by 52.3%, now owning 14,642 shares worth approximately $1.02 million at the end of the most recent quarter.
• Masco has reported a quarterly EPS of $1.30, exceeding estimates, and set its FY 2025 guidance at 3.900-4.100 EPS.
• The company recently declared a quarterly dividend of $0.31, translating to an annual yield of 1.7% with a payout ratio of 32.89%.

Synovus Financial Corp decreased its position in Masco Corporation (NYSE:MAS - Free Report) by 52.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,642 shares of the construction company's stock after selling 16,022 shares during the quarter. Synovus Financial Corp's holdings in Masco were worth $1,018,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Investment Advisors LLC raised its stake in shares of Masco by 0.7% in the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock valued at $1,604,000 after purchasing an additional 165 shares during the period. Evermay Wealth Management LLC raised its stake in shares of Masco by 25.1% in the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after purchasing an additional 200 shares during the period. Exchange Traded Concepts LLC raised its stake in shares of Masco by 8.2% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,707 shares of the construction company's stock valued at $188,000 after purchasing an additional 204 shares during the period. Wedmont Private Capital raised its stake in shares of Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock valued at $311,000 after purchasing an additional 208 shares during the period. Finally, Global X Japan Co. Ltd. raised its stake in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company's stock valued at $26,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Performance

Shares of Masco stock traded down $0.12 on Monday, hitting $73.43. The stock had a trading volume of 1,098,482 shares, compared to its average volume of 2,176,729. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $86.70. The business's 50 day moving average is $68.57 and its two-hundred day moving average is $67.09. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63. The stock has a market cap of $15.37 billion, a price-to-earnings ratio of 19.48, a price-to-earnings-growth ratio of 2.68 and a beta of 1.19.

Masco (NYSE:MAS - Get Free Report) last posted its 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 company had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the prior year, the business earned $1.20 earnings per share. The firm's revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were given a $0.31 dividend. 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 dividend payout ratio is presently 32.89%.

Insider Activity at Masco

In related news, 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 completion of the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. The trade was a 16.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $76.04, for a total value of $6,304,476.40. Following the sale, the insider owned 39,638 shares of the company's stock, valued at $3,014,073.52. The trade was a 67.66% 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MAS. JPMorgan Chase & Co. lifted their target price on Masco from $65.00 to $74.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Wall Street Zen raised Masco from a "sell" rating to a "hold" rating in a research report on Saturday, June 21st. Robert W. Baird downgraded Masco from an "outperform" rating to a "neutral" rating and set a $70.00 target price on the stock. in a research report on Tuesday, July 22nd. Finally, Barclays lifted their target price on Masco from $77.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, Masco currently has an average rating of "Hold" and a consensus target price of $74.13.

Masco 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.