Arlington Trust Co LLC Cuts Stock Position in Masco Corporation $MAS

Arlington Trust Co LLC reduced its position in Masco Corporation (NYSE:MAS) by 8.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,700 shares of the construction company’s stock after selling 260 shares during the quarter. Arlington Trust Co LLC’s holdings in Masco were worth $174,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Global X Japan Co. Ltd. lifted its stake in shares of Masco by 120.2% in the 1st quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after acquiring an additional 208 shares during the last quarter. Alpine Bank Wealth Management bought a new position in Masco during the 1st quarter valued at approximately $29,000. Costello Asset Management INC bought a new position in Masco during the 1st quarter valued at approximately $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Masco during the 1st quarter valued at approximately $33,000. Finally, Stone House Investment Management LLC bought a new position in Masco during the 1st quarter valued at approximately $50,000. Institutional investors own 93.91% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Heath M. Eisman sold 2,431 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $74.62, for a total transaction of $181,401.22. Following the sale, the chief accounting officer directly owned 12,036 shares in the company, valued at approximately $898,126.32. This represents a 16.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jai Shah sold 82,910 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were 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 trade represents a 67.66% decrease in their position. The disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have weighed in on MAS. Robert W. Baird downgraded Masco from an “outperform” rating to a “neutral” rating and set a $70.00 target price on the stock. in a report on Tuesday, July 22nd. Loop Capital reiterated a “hold” rating and set a $73.00 target price (up previously from $62.00) on shares of Masco in a report on Monday, August 4th. Royal Bank Of Canada raised their price objective on Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Masco in a report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. raised their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $74.60.

Masco Price Performance

Shares of Masco stock opened at $73.68 on Monday. Masco Corporation has a one year low of $56.55 and a one year high of $86.70. The stock’s fifty day moving average is $70.37 and its 200 day moving average is $66.93. The stock has a market cap of $15.42 billion, a P/E ratio of 19.54, a P/E/G ratio of 2.69 and a beta of 1.19. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82.

Masco (NYSE:MAS) last announced 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. The company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. Masco had a return on equity of 1,519.31% and a net margin of 10.51%.Masco’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period last year, the firm earned $1.20 EPS. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. Sell-side analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 25th. Stockholders of record on Friday, August 8th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, August 8th. Masco’s payout ratio is 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.