Masco Corporation $MAS Shares Sold by Venture Visionary Partners LLC

Key Points

• Venture Visionary Partners LLC reduced its stake in Masco Corporation by 50%, selling 7,265 shares and leaving them with a total of 7,277 shares valued at approximately $506,000.
• Multiple investors have increased their holdings in Masco, with Global X Japan Co. Ltd. boosting its position by 120.2% during the first quarter.
• Masco announced a quarterly dividend of $0.31 per share, with an annualized yield of 1.7%, payable on August 25th to shareholders recorded by August 8th.

Venture Visionary Partners LLC trimmed its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 50.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,277 shares of the construction company's stock after selling 7,265 shares during the quarter. Venture Visionary Partners LLC's holdings in Masco were worth $506,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CAO Heath M. Eisman sold 2,431 shares of the firm'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 sale, the chief accounting officer directly owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. Loop Capital restated a "hold" rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of Masco in a research report on Wednesday, May 28th. Royal Bank Of Canada increased their target price on Masco from $62.00 to $71.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. 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, Wall Street Zen upgraded Masco from a "sell" rating to a "hold" rating in a research note on Saturday, June 21st. 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 an average target price of $74.13.

Masco Stock Performance

Shares of NYSE MAS traded up $3.25 during mid-day trading on Friday, hitting $75.57. The company had a trading volume of 2,447,920 shares, compared to its average volume of 2,653,374. Masco Corporation has a 12 month low of $56.55 and a 12 month 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. The stock has a market cap of $15.82 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.76 and a beta of 1.16. The firm's 50 day simple moving average is $67.29 and its two-hundred day simple moving average is $67.21.

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 firm had revenue of $2.05 billion for the quarter, compared to analysts' expectations of $2 billion. During the same period last 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 forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.6%. The ex-dividend date is Friday, August 8th. Masco's dividend payout ratio (DPR) is currently 32.89%.

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.