Boston Trust Walden Corp Raises Position in Masco Corporation $MAS

Boston Trust Walden Corp boosted its stake in Masco Corporation (NYSE:MAS) by 7.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 525,265 shares of the construction company’s stock after buying an additional 35,358 shares during the period. Boston Trust Walden Corp owned 0.25% of Masco worth $33,806,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in MAS. Nuveen LLC purchased a new position in shares of Masco during the first quarter valued at approximately $126,057,000. Wealthquest Corp purchased a new position in shares of Masco during the first quarter valued at approximately $111,722,000. Invesco Ltd. lifted its holdings in shares of Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after purchasing an additional 1,337,889 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Masco by 3.8% during the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock valued at $1,883,985,000 after purchasing an additional 984,403 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Masco by 3,597.0% during the first quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock valued at $66,723,000 after purchasing an additional 933,537 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MAS shares. Baird R W lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 22nd. Royal Bank Of Canada raised their price target on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Wells Fargo & Company raised their price target on shares of Masco from $73.00 to $80.00 and gave the company an “equal weight” rating in a research report on Thursday, September 11th. Loop Capital reissued a “hold” rating and set a $73.00 price target (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Finally, Robert W. Baird downgraded shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $74.60.

Insider Buying and Selling at Masco

In other news, CAO Heath M. Eisman sold 2,431 shares of Masco stock in a transaction 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 transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. This trade represents a 16.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jai Shah sold 82,910 shares of Masco 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 transaction, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This represents a 67.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Trading Up 3.3%

NYSE:MAS opened at $68.14 on Wednesday. The company has a current ratio of 1.82, a quick ratio of 1.14 and a debt-to-equity ratio of 19.63. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $86.70. The company has a market cap of $14.27 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.18. The company has a 50 day simple moving average of $71.85 and a two-hundred day simple moving average of $66.74.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The firm’s revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. 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 was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were paid 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 was Friday, August 8th. Masco’s dividend payout ratio (DPR) is currently 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.