Masco Corporation $MAS Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its stake in Masco Corporation (NYSE:MAS) by 21.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 251,023 shares of the construction company’s stock after selling 70,500 shares during the quarter. Russell Investments Group Ltd.’s holdings in Masco were worth $16,156,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Nuveen LLC purchased a new position in Masco during the first quarter valued at approximately $126,057,000. Vanguard Group Inc. grew its stake in shares of Masco by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock worth $1,858,252,000 after purchasing an additional 1,780,673 shares during the period. Invesco Ltd. increased its holdings in shares of Masco by 47.4% during the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after purchasing an additional 1,337,889 shares in the last quarter. Boston Partners increased its holdings in shares of Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its stake in shares of Masco by 17.4% in the 2nd quarter. Impax Asset Management Group plc now owns 2,635,143 shares of the construction company’s stock valued at $169,598,000 after purchasing an additional 390,802 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MAS. Oppenheimer set a $79.00 price target on shares of Masco and gave the company an “outperform” rating in a research report on Monday, August 4th. Vertical Research began coverage on Masco in a research report on Monday, October 20th. They set a “hold” rating on the stock. Argus reduced their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. boosted their price objective on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $73.53.

Masco Price Performance

NYSE:MAS opened at $64.87 on Monday. The stock has a 50 day moving average of $66.04 and a two-hundred day moving average of $67.20. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The firm has a market cap of $13.47 billion, a P/E ratio of 16.63, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The business’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, analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were given 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 is 31.79%.

About Masco

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.