Bessemer Group Inc. Lowers Stock Holdings in Masco Corporation $MAS

Bessemer Group Inc. decreased its position in shares of Masco Corporation (NYSE:MAS) by 47.7% during the second quarter, Holdings Channel reports. The institutional investor owned 10,507 shares of the construction company’s stock after selling 9,564 shares during the period. Bessemer Group Inc.’s holdings in Masco were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MAS. Mirae Asset Global Investments Co. Ltd. increased its holdings in Masco by 10.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,008 shares of the construction company’s stock valued at $1,580,000 after acquiring an additional 2,184 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Masco by 2.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 11,007 shares of the construction company’s stock valued at $769,000 after acquiring an additional 270 shares during the last quarter. Amalgamated Bank increased its holdings in Masco by 1.5% in the 1st quarter. Amalgamated Bank now owns 41,989 shares of the construction company’s stock valued at $2,920,000 after acquiring an additional 603 shares during the last quarter. D.A. Davidson & CO. increased its holdings in Masco by 30.4% in the 1st quarter. D.A. Davidson & CO. now owns 12,183 shares of the construction company’s stock valued at $847,000 after acquiring an additional 2,838 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in Masco by 1.1% in the 1st quarter. Calamos Advisors LLC now owns 149,323 shares of the construction company’s stock valued at $10,384,000 after acquiring an additional 1,663 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of the company’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 value of $181,401.22. Following the completion of the sale, the chief accounting officer owned 12,036 shares of the company’s stock, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jai Shah sold 82,910 shares of the company’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 completion of the sale, the insider directly owned 39,638 shares of the company’s stock, valued at $3,014,073.52. The trade was a 67.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an “outperform” rating in a report on Monday, August 4th. Vertical Research started coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating on the stock. Royal Bank Of Canada reduced their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a report on Thursday. Barclays reduced their target price on shares of Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, 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 report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $73.07.

Masco Price Performance

Masco stock opened at $64.69 on Friday. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $83.06. The firm has a 50-day moving average of $70.69 and a two-hundred day moving average of $67.14.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.05). The company had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

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.