Donald L. Hagan LLC Sells 15,265 Shares of Masco Corporation $MAS

Donald L. Hagan LLC lessened its holdings in shares of Masco Corporation (NYSE:MAS) by 78.1% during the 2nd quarter, Holdings Channel reports. The firm owned 4,269 shares of the construction company’s stock after selling 15,265 shares during the period. Donald L. Hagan LLC’s holdings in Masco were worth $275,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MAS. GAMMA Investing LLC increased its stake in Masco by 11,690.9% in the 1st quarter. GAMMA Investing LLC now owns 911,669 shares of the construction company’s stock worth $63,397,000 after acquiring an additional 903,937 shares during the last quarter. Parallel Advisors LLC increased its stake in Masco by 14.7% in the 1st quarter. Parallel Advisors LLC now owns 2,726 shares of the construction company’s stock worth $190,000 after acquiring an additional 349 shares during the last quarter. Rhumbline Advisers increased its stake in Masco by 8.1% in the 1st quarter. Rhumbline Advisers now owns 415,557 shares of the construction company’s stock worth $28,898,000 after acquiring an additional 31,018 shares during the last quarter. Czech National Bank increased its stake in Masco by 4.1% in the 1st quarter. Czech National Bank now owns 48,689 shares of the construction company’s stock worth $3,386,000 after acquiring an additional 1,910 shares during the last quarter. Finally, Curat Global LLC bought a new stake in Masco in the 1st quarter worth approximately $90,000. Institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 2,431 shares of the business’s 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 completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was 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. Also, 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 value 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 position. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wells Fargo & Company lifted their price objective on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Wall Street Zen raised Masco from a “sell” rating to a “hold” rating in a research note on Saturday, June 21st. Barclays lifted their target price on Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Robert W. Baird cut Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price for the company. in a report on Tuesday, July 22nd. Finally, Zacks Research upgraded Masco from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.60.

Masco Price Performance

MAS opened at $70.39 on Wednesday. The business has a fifty day moving average of $71.77 and a 200 day moving average of $66.88. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $86.70. 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 $14.74 billion, a P/E ratio of 18.67, a PEG ratio of 2.56 and a beta of 1.19.

Masco (NYSE:MAS) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter in the previous year, the business earned $1.20 EPS. Masco’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, sell-side analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.8%. Masco’s payout ratio is presently 32.89%.

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.