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In a recent transaction, Alexander Mark R., a director at Masco Corp (NYSE:MAS), sold a significant portion of his holdings in the company. The sale, which took place on March 7, 2025, involved 20,172 shares of common stock. The $15.69 billion market cap company, which has maintained dividend payments for 55 consecutive years and currently trades near its InvestingPro Fair Value, shows strong financial health with management actively buying back shares. These shares were sold at a weighted average price of $74.0313, resulting in a total transaction value of approximately $1.49 million.
According to the filing, the shares were sold in multiple transactions at prices ranging from $74.00 to $74.12. Following this sale, Mark retains ownership of 17,919 shares in the company. The transaction was documented in a Form 4 filing with the Securities and Exchange Commission, and the signature on the document was provided by Yvette M. VanRiper via Power of Attorney.
In other recent news, Masco Corporation reported its fourth-quarter financial results, revealing a 3% year-over-year decline in revenue to $1.83 billion, which fell short of the $1.84 billion expectations. Despite this, the company’s adjusted earnings per share slightly exceeded estimates, coming in at $0.89 against the anticipated $0.88. For the full year 2024, Masco’s net sales decreased by 2% to $7.83 billion, while adjusted earnings per share increased by 6% to $4.10. Looking ahead, Masco projects its 2025 earnings per share to be between $4.20 and $4.45, surpassing the $4.09 analyst consensus.
Additionally, Citi analyst Anthony Pettinari adjusted Masco’s stock price target from $77 to $78, maintaining a Neutral rating. Pettinari highlighted the company’s mixed outlook for 2025, with a projected 0-3% increase in revenue for its plumbing segment, slightly below consensus expectations. The analyst also noted potential challenges due to tariffs but expressed optimism about Masco’s efforts to address supply chain issues.
In leadership news, Masco announced Jonathon Nudi as its new President and CEO, effective July 7, 2025. Nudi, who has extensive experience from his previous roles at General Mills (NYSE:GIS), will succeed Keith Allman, who is retiring after a 27-year tenure with the company. The Board expressed confidence in Nudi’s ability to drive growth and create shareholder value, as the company continues to navigate the competitive home improvement and building products market.
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