Masco Corporation $MAS Stake Reduced by Securian Asset Management Inc.

Securian Asset Management Inc. reduced its stake in shares of Masco Corporation (NYSE:MAS) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,970 shares of the construction company’s stock after selling 200 shares during the quarter. Securian Asset Management Inc.’s holdings in Masco were worth $706,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Masco during the 1st quarter worth $29,000. Costello Asset Management INC bought a new position in shares of Masco in the first quarter worth $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Masco in the first quarter worth $33,000. Steph & Co. bought a new position in shares of Masco in the second quarter worth $39,000. Finally, Stone House Investment Management LLC bought a new position in shares of Masco in the first quarter worth $50,000. 93.91% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Masco

In other news, insider Jai Shah sold 82,910 shares of the company’s stock in a transaction 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 completion of the sale, the insider directly owned 39,638 shares of the company’s stock, valued at $3,014,073.52. This represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction on Tuesday, August 19th. The shares were 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 of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MAS. Oppenheimer set a $79.00 price target on Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Wells Fargo & Company increased their price target on Masco from $73.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 11th. Loop Capital reissued a “hold” rating and issued a $73.00 price target (up previously from $62.00) on shares of Masco in a research note on Monday, August 4th. Vertical Research began coverage on Masco in a research note on Monday, October 20th. They issued a “hold” rating for the company. Finally, Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.86.

Masco Trading Down 2.0%

Shares of MAS stock opened at $68.10 on Friday. The stock has a 50-day simple moving average of $71.43 and a 200 day simple moving average of $66.92. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $83.06. The stock has a market capitalization of $14.26 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.80 and a beta of 1.18. The company has a quick ratio of 1.14, a current ratio of 1.82 and a debt-to-equity ratio of 19.63.

Masco (NYSE:MAS) last announced its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share 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 business had revenue of $2.05 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same quarter last year, the business posted $1.20 earnings per share. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. On average, sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a dividend of $0.31 per share. 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%.

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.