Masco Corporation $MAS Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its holdings in shares of Masco Corporation (NYSE:MAS) by 9.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,531,861 shares of the construction company’s stock after selling 163,936 shares during the quarter. Schroder Investment Management Group’s holdings in Masco were worth $98,591,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in MAS. Nordea Investment Management AB boosted its stake in Masco by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after purchasing an additional 206,311 shares during the period. Entropy Technologies LP purchased a new stake in shares of Masco in the first quarter valued at about $3,946,000. Tredje AP fonden raised its holdings in shares of Masco by 25.7% in the second quarter. Tredje AP fonden now owns 22,038 shares of the construction company’s stock valued at $1,418,000 after buying an additional 4,507 shares during the last quarter. Swedbank AB boosted its stake in shares of Masco by 43.4% during the second quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock worth $9,977,000 after buying an additional 46,932 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Masco by 7.2% during the first quarter. LPL Financial LLC now owns 187,893 shares of the construction company’s stock worth $13,066,000 after buying an additional 12,686 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on MAS shares. Oppenheimer set a $79.00 price objective on Masco and gave the company an “outperform” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their target price on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Royal Bank Of Canada cut their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. Vertical Research began coverage on Masco in a report on Monday, October 20th. They set a “hold” rating for the company. Finally, Loop Capital reissued a “hold” rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus price target of $73.53.

Masco Stock Up 0.7%

MAS opened at $64.87 on Friday. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a market capitalization of $13.47 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.69 and a beta of 1.17. The business has a 50 day simple moving average of $66.04 and a 200-day simple moving average of $67.19.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the company earned $1.08 EPS. The company’s revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, equities analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio (DPR) is currently 31.79%.

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.