Keith Allman, President and CEO of Masco Corp (NYSE:MAS), has sold 1,260,508 shares of the company on March 6, 2024, according to a recent SEC filing. The transaction was executed at an average price of $75.79 per share, resulting in a total value of approximately $95,500,000.
Masco Corp, headquartered in Livonia, Michigan, is a global leader in the design, manufacture, and distribution of branded home improvement and building products. The company's portfolio of industry-leading brands includes Behr paint, Delta and Hansgrohe faucets, bath and shower fixtures, KraftMaid and Merillat cabinets, Milgard windows and doors, and Hot Spring spas. Masco Corp operates through two segments: Plumbing Products and Decorative Architectural Products.
Over the past year, Keith Allman has sold a total of 1,636,588 shares of Masco Corp and has not made any share purchases. This latest transaction continues a trend of insider selling at the company, with a total of 13 insider sells and no insider buys over the past year.
On the day of the insider's recent sale, shares of Masco Corp were trading at $75.79, giving the company a market capitalization of $16.895 billion. The price-earnings ratio stood at 19.17, which is above the industry median of 15.355 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently 1.34, indicating that Masco Corp is significantly overvalued based on its GF Value of $56.59. The GF Value is an intrinsic value estimate that considers historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
The insider trend image above reflects the recent selling activity within the company, providing investors with a visual representation of the insider transactions over the past year.
The GF Value image above illustrates the current valuation of Masco Corp's stock relative to its intrinsic value, as estimated by GuruFocus.
Investors often monitor insider selling as it can provide insights into an insider's perspective on the value of the company's stock. However, insider transactions are just one of many factors that should be considered when evaluating a company's financial health and investment potential.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
