Masco Corporation (MAS) To Go Ex-Dividend on November 7th

Masco Corporation (NYSE:MAS) announced a quarterly dividend on Wednesday, October 29th. Shareholders of record on Friday, November 7th will be given a dividend of 0.31 per share by the construction company on Monday, November 24th. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, November 7th.

Masco has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 12 years. Masco has a payout ratio of 30.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Masco to earn $4.81 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 25.8%.

Masco Price Performance

Masco stock opened at $62.37 on Wednesday. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The business has a 50 day simple moving average of $70.25 and a 200-day simple moving average of $67.20. Masco has a 12 month low of $56.55 and a 12 month high of $83.06. The stock has a market capitalization of $12.95 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 2.69 and a beta of 1.18.

Masco (NYSE:MAS) last announced 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). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. The business’s quarterly revenue was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities analysts predict that Masco will post 4.34 earnings per share for the current year.

Insider Transactions at Masco

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gateway Investment Advisers LLC boosted its holdings in shares of Masco by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after purchasing an additional 143 shares during the last quarter. HB Wealth Management LLC lifted its position in Masco by 2.9% during the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock worth $355,000 after buying an additional 157 shares during the period. Harvest Investment Advisors LLC boosted its stake in Masco by 0.7% in the 1st quarter. Harvest Investment Advisors LLC now owns 23,063 shares of the construction company’s stock worth $1,604,000 after buying an additional 165 shares during the last quarter. Concurrent Investment Advisors LLC grew its holdings in Masco by 3.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock valued at $372,000 after buying an additional 171 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in shares of Masco by 3.2% during the 2nd quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock valued at $360,000 after acquiring an additional 173 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.