Microvast Holdings announces departure of chief financial officer
On February 26, Keith J. Allman, President and CEO of Masco Corp (NYSE:MAS), sold 21,723 shares of the company’s common stock. The shares were sold at an average price of $76.36, totaling approximately $1.66 million. Following this transaction, Allman holds 60,267 shares directly. According to InvestingPro data, Masco, currently valued at $15.8 billion, maintains a strong financial health score and has consistently paid dividends for 55 consecutive years.
The transaction was executed automatically as part of a Rule 10b5-1 trading plan, which Allman adopted on November 18, 2024. This plan allows insiders of publicly traded corporations to set up a predetermined schedule for selling stocks they own. While this insider sale occurred near the stock’s current price of $74.71, InvestingPro analysis suggests the stock is fairly valued, with 8 additional exclusive insights available to subscribers.
In addition to the direct holdings, Allman also has 100,587 shares held in a trust. These shares were transferred as a bona fide gift in 2019, as indicated in the Form 4 filing. The company has demonstrated strong shareholder returns, with management actively buying back shares and maintaining 11 consecutive years of dividend growth.
In other recent news, Masco Corporation reported its fourth-quarter earnings, with adjusted earnings per share slightly surpassing expectations at $0.89, compared to the consensus estimate of $0.88. However, the company’s revenue for the quarter declined by 3% to $1.83 billion, missing the anticipated $1.84 billion. The Plumbing Products segment saw a 1% decrease in net sales, while the Decorative Architectural Products segment experienced a 6% drop in revenue. Despite these figures, Masco’s full-year 2025 outlook is optimistic, with projected earnings per share between $4.20 and $4.45, exceeding the analyst consensus of $4.09.
Citi analyst Anthony Pettinari raised Masco’s stock price target to $78 from $77, maintaining a Neutral rating. Pettinari noted that the company’s guidance for its plumbing segment anticipates a top-line revenue increase of 0-3%, slightly below consensus expectations. The Decorative Architectural segment is expected to see steady year-over-year sales, with margin expansion partly due to the divestiture of Kichler. Masco’s 2025 outlook considers the impact of recently enacted China tariffs, with expectations of flat to low-single-digit growth in global repair and remodel markets.
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