Masco Corporation $MAS Shares Sold by Thematics Asset Management

Key Points

• Thematics Asset Management reduced its position in Masco Corporation by 22.1% in the first quarter, selling 32,000 shares and now holding approximately 112,517 shares valued at $7,824,000.
• Other institutional investors, including Mirae Asset Global Investments and Allspring Global Investments, increased their stakes, with institutional ownership of Masco now at 93.91%.
• Masco recently announced a quarterly dividend of $0.31 per share with a yield of 1.6%, reflecting a payout ratio of 32.89%.

Thematics Asset Management trimmed its position in Masco Corporation (NYSE:MAS - Free Report) by 22.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,517 shares of the construction company's stock after selling 32,000 shares during the period. Thematics Asset Management owned approximately 0.05% of Masco worth $7,824,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of MAS. Global X Japan Co. Ltd. lifted 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 worth $26,000 after acquiring an additional 208 shares during the period. Alpine Bank Wealth Management purchased a new position in Masco during the first quarter worth about $29,000. Costello Asset Management INC purchased a new position in Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the first quarter valued at about $33,000. Finally, GeoWealth Management LLC boosted its holdings in Masco by 89.0% in the 4th quarter. GeoWealth Management LLC now owns 684 shares of the construction company's stock valued at $50,000 after purchasing an additional 322 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

Masco stock traded up $0.29 during trading hours on Wednesday, hitting $74.55. The stock had a trading volume of 2,237,199 shares, compared to its average volume of 2,624,833. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The stock has a market capitalization of $15.61 billion, a price-to-earnings ratio of 19.78, a PEG ratio of 2.71 and a beta of 1.16. The stock's fifty day moving average is $68.07 and its two-hundred day moving average is $67.30. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. The business had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2 billion. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business's revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Analyst Upgrades and Downgrades

MAS has been the topic of several recent analyst reports. Oppenheimer set a $79.00 target price on Masco and gave the stock an "outperform" rating in a research report on Monday, August 4th. Baird R W lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 22nd. Robert W. Baird cut Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price objective for the company. in a research report on Tuesday, July 22nd. Barclays boosted 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. Finally, Wall Street Zen raised shares of Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average target price of $74.13.

Insider Activity at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $74.62, for a total transaction of $181,401.22. Following the sale, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jai Shah sold 82,910 shares of the firm'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 transaction, the insider directly owned 39,638 shares of the company's stock, valued at $3,014,073.52. The trade was 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.