Checking in on Masco Corporation (MAS) after recent insiders movement


Masco Corporation’s filing revealed that its VP – Chief HR Officer Straber Renee unloaded Company’s shares for reported $2.52 million on Jul 28. In the deal valued at $61.13 per share,41,200 shares were sold. As a result of this transaction, Straber Renee now holds 31,995 shares worth roughly $ 1.91 million.

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Then, Allman Keith J. sold 188,040 shares, generating $11,238,436 in total proceeds. Upon selling the shares at $59.77, the President and CEO now owns 200,305 shares.

Before that, Cole Kenneth G. sold 10,000 shares. Masco Corporation shares valued at $549,531 were divested by the VP, General Counsel and Sec. at a price of $54.95 per share. As a result of the transaction, Cole Kenneth G. now holds 70,198 shares, worth roughly $4.19 million.

Jefferies upgraded its Masco Corporation [MAS] rating to a Buy from a a Hold in a research note published on Friday, April 28, 2023; the price target was increased to $65 from $55. PT values the company’s stock at a premium of 8.12 to its Friday closing price.

Price Performance Review of MAS

On Friday, Masco Corporation [NYSE:MAS] saw its stock jump 1.20% to $59.72. On the same session, the stock had its day’s lowest price of $59.40, but rose to a high of $60.00. Over the last five days, the stock has gained 5.40%. Masco Corporation shares have risen nearly 27.96% since the year began. Nevertheless, the stocks have risen 17.40% over the past one year. While a 52-week high of $63.85 was reached on 07/27/23, a 52-week low of $42.33 was recorded on 04/06/23. SMA at 50 days reached $58.49, while 200 days put it at $52.98. A total of 1.21 million shares were traded, compared to the trading of 1.69 million shares in the previous session.

Levels Of Support And Resistance For MAS Stock

The 24-hour chart illustrates a support level at 59.41, which if violated will result in even more drops to 59.11. On the upside, there is a resistance level at 60.01. A further resistance level may holdings at 60.31. The Relative Strength Index (RSI) on the 14-day chart is 59.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.17%. Stochastics %K at 88.39% indicates the stock is a selling.

How much short interest is there in Masco Corporation?

A steep rise in short interest was recorded in Masco Corporation stocks on Aug 14, 2023, dropping by -1.34 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.34 million shares. There was a decline of -26.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.85.

Masco Corporation [MAS] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 24,559,968 shares, or roughly 10.92% of the outstanding MAS shares. In other words, the investor’s shares have risen by 483,171 from its previous 13-F filing of 24076797.0. Additionally, Massachusetts Financial Services decreased -29.97% of its stake after which the total value it holdings stand at $811,013,079, while BlackRock Fund Advisors reduced -0.50% of its stake to hold $686.07 million in the firm. Over the last quarter, Harris Associates LP purchased 781,049 shares of Masco Corporation, while SSgA Funds Management, Inc. bought 282,151 shares. At present, Boston Partners Global Investors, is holding 8,661,750 shares valued at $525.59 million. Geode Capital Management LLC owned 4,751,329 shares of the company at the time of its most recent 13F filing, worth $288.31 million.

According to FactSet, Masco Corporation’s share price will average $68.53 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.23 percent from its previous closing price of $59.01. Analysts expect Masco Corporation stock to reach the higher price of $75.00, while the lowest price estimate is $59.00. However, 20 analysts have rated MAS stock as an Overweight in their predictions for 2023.


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