Ashton Thomas Private Wealth LLC Sells 17,763 Shares of Masco Corporation $MAS

Ashton Thomas Private Wealth LLC lowered its position in Masco Corporation (NYSE:MAS) by 35.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,625 shares of the construction company’s stock after selling 17,763 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Masco were worth $2,269,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Global X Japan Co. Ltd. grew its holdings in Masco by 120.2% during the first quarter. Global X Japan Co. Ltd. now owns 381 shares of the construction company’s stock valued at $26,000 after purchasing an additional 208 shares during the period. Alpine Bank Wealth Management bought a new stake in Masco during the first quarter valued at about $29,000. Costello Asset Management INC bought a new stake in Masco during the first quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Masco during the first quarter valued at about $33,000. Finally, Stone House Investment Management LLC bought a new stake in Masco during the first quarter valued at about $50,000. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

MAS has been the topic of a number of research analyst reports. Wall Street Zen upgraded Masco from a “sell” rating to a “hold” rating in a research report on Saturday, June 21st. 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 research report on Tuesday, July 22nd. Royal Bank Of Canada boosted their target price on Masco from $62.00 to $71.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Baird R W downgraded Masco from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 22nd. Finally, Barclays boosted their target price on Masco from $77.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One equities research 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 company’s stock. According to data from MarketBeat.com, Masco has a consensus rating of “Hold” and an average target price of $74.13.

Masco Trading Down 3.0%

Shares of NYSE MAS opened at $73.53 on Wednesday. The business’s 50 day moving average is $69.92 and its two-hundred day moving average is $67.01. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $86.70. The stock has a market capitalization of $15.39 billion, a P/E ratio of 19.50, a PEG ratio of 2.77 and a beta of 1.19.

Masco (NYSE:MAS) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 earnings per share for the quarter, topping 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 company had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $2 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, research analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Friday, August 8th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, August 8th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Masco’s dividend payout ratio is currently 32.89%.

Insiders Place Their Bets

In other news, insider Jai Shah sold 82,910 shares of the 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 owned 39,638 shares in the company, valued at approximately $3,014,073.52. This represents a 67.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Heath M. Eisman sold 2,431 shares of the 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 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 disclosure for this sale can be found here. 0.50% of the stock is owned by corporate insiders.

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.