GLOBALT Investments LLC GA Has $2.09 Million Stake in Masco Corporation $MAS

GLOBALT Investments LLC GA trimmed its position in shares of Masco Corporation (NYSE:MAS) by 5.9% during the second quarter, HoldingsChannel reports. The institutional investor owned 32,463 shares of the construction company’s stock after selling 2,030 shares during the period. GLOBALT Investments LLC GA’s holdings in Masco were worth $2,089,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management acquired a new stake in Masco during the first quarter worth about $29,000. Costello Asset Management INC acquired a new stake in Masco during the first quarter worth about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco during the first quarter worth about $33,000. Steph & Co. acquired a new stake in Masco during the second quarter worth about $39,000. Finally, Stone House Investment Management LLC acquired a new stake in Masco during the first quarter worth about $50,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Down 2.0%

NYSE:MAS opened at $68.10 on Friday. The firm’s 50 day simple moving average is $71.43 and its 200 day simple moving average is $66.92. 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 Corporation has a one year low of $56.55 and a one year high of $83.06. The company has a market cap of $14.26 billion, a PE ratio of 18.06, a P/E/G ratio of 2.80 and a beta of 1.18.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The business had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $2 billion. During the same period last year, the company 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. On average, research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

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

Insider Activity at Masco

In other Masco news, CAO Heath M. Eisman sold 2,431 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at approximately $898,126.32. This trade represents a 16.80% decrease in their position. The transaction was disclosed in a document filed 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 that occurred on Friday, August 22nd. The stock was 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 position. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MAS shares. Barclays raised their price target on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an “outperform” rating in a research note 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 research note on Tuesday, July 22nd. Vertical Research started coverage on shares of Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Loop Capital restated a “hold” rating and issued a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average price target of $73.86.

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.