Cwm LLC Cuts Position in Masco Corporation $MAS

Cwm LLC lessened its stake in Masco Corporation (NYSE:MAS) by 55.2% in the second quarter, HoldingsChannel.com reports. The firm owned 23,926 shares of the construction company’s stock after selling 29,516 shares during the quarter. Cwm LLC’s holdings in Masco were worth $1,540,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new stake in Masco in the 1st quarter valued at about $29,000. Costello Asset Management INC acquired a new stake in Masco in the 1st quarter valued at about $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Masco in the 1st quarter valued at about $33,000. Steph & Co. acquired a new stake in Masco in the 2nd quarter valued at about $39,000. Finally, Stone House Investment Management LLC acquired a new stake in Masco in the 1st quarter valued at about $50,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Masco

In related news, insider Jai Shah sold 82,910 shares of the firm’s stock in a transaction that occurred 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Heath M. Eisman sold 2,431 shares of the firm’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 transaction of $181,401.22. Following the completion of the transaction, the chief accounting officer owned 12,036 shares in the company, valued at $898,126.32. The trade was a 16.80% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Masco Price Performance

MAS opened at $67.87 on Monday. The company’s 50 day simple moving average is $71.76 and its 200 day simple moving average is $66.71. 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 Corporation has a 1 year low of $56.55 and a 1 year high of $86.20. The stock has a market capitalization of $14.21 billion, a PE ratio of 18.00, a P/E/G ratio of 2.67 and a beta of 1.18.

Masco (NYSE:MAS) last released its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2 billion. During the same period last year, the company earned $1.20 earnings per share. The company’s quarterly revenue 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, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 25th. Investors of record on Friday, August 8th were issued a $0.31 dividend. The ex-dividend date was Friday, August 8th. This represents a $1.24 annualized dividend and a yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 32.89%.

Analysts Set New Price Targets

A number of brokerages recently commented on MAS. Baird R W cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 22nd. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Zacks Research raised shares of Masco from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Oppenheimer set a $79.00 price target on shares of Masco and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Loop Capital reaffirmed a “hold” rating and set a $73.00 price target (up from $62.00) on shares of Masco in a research note on Monday, August 4th. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $74.60.

Masco 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.