TOWER TRUST & INVESTMENT Co Has $30,000 Holdings in Masco Corporation $MAS

Key Points

• TOWER TRUST & INVESTMENT Co significantly reduced its holdings in Masco Corporation, decreasing its position by 96.0% during the second quarter, resulting in ownership of just 459 shares valued at $30,000.
• Masco announced a quarterly dividend of $0.31, representing an annualized dividend of $1.24 and a dividend yield of 1.8%, paid to stockholders of record on August 8th.
• Masco Corporation's stock has a target price range from various analysts, with estimates such as $71.00 from Royal Bank Of Canada and $80.00 from Wells Fargo, indicating a consensus price target of $74.60.

TOWER TRUST & INVESTMENT Co lowered its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 96.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 459 shares of the construction company's stock after selling 11,015 shares during the quarter. TOWER TRUST & INVESTMENT Co's holdings in Masco were worth $30,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Harvest Investment Advisors LLC lifted its position in shares of Masco by 0.7% in the first quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company's stock worth $1,604,000 after purchasing an additional 165 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Masco by 9.6% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,216 shares of the construction company's stock valued at $143,000 after buying an additional 195 shares during the period. Evermay Wealth Management LLC grew its holdings in shares of Masco by 25.1% during the 1st quarter. Evermay Wealth Management LLC now owns 996 shares of the construction company's stock valued at $69,000 after acquiring an additional 200 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Masco by 8.2% during the first 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 last quarter. Finally, Wedmont Private Capital increased its position in Masco by 4.9% in the 1st quarter. Wedmont Private Capital now owns 4,472 shares of the construction company's stock worth $311,000 after purchasing an additional 208 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

In related 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 transaction of $181,401.22. Following the transaction, the chief accounting officer owned 12,036 shares of the company's stock, 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 legal filing with the SEC, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of the company'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 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 disclosure for this sale can be found here. Company insiders own 0.50% of the company's stock.

Masco Stock Down 0.1%

MAS stock opened at $70.41 on Friday. The stock has a market capitalization of $14.74 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.57 and a beta of 1.19. The company has a 50-day moving average of $71.60 and a two-hundred day moving average of $66.90. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. 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 posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping 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 business had revenue of $2.05 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the firm earned $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. As a group, equities research analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

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

Analysts Set New Price Targets

MAS has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Masco from $62.00 to $71.00 and gave the company a "sector perform" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Robert W. Baird downgraded shares of Masco from an "outperform" rating to a "neutral" rating and set a $70.00 price target on the stock. in a report on Tuesday, July 22nd. Wells Fargo & Company lifted their price objective on shares of Masco from $73.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday, September 11th. Finally, Zacks Research upgraded shares of Masco from a "hold" rating to a "strong-buy" rating in a report on Friday, September 19th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Masco currently has an average 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.

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