Manning & Napier Advisors LLC Decreases Stock Holdings in Masco Corporation $MAS

Manning & Napier Advisors LLC lessened its holdings in Masco Corporation (NYSE:MAS) by 58.2% during the third quarter, HoldingsChannel.com reports. The fund owned 16,197 shares of the construction company’s stock after selling 22,525 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Masco were worth $1,140,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FORA Capital LLC grew its position in Masco by 203.9% in the second quarter. FORA Capital LLC now owns 35,603 shares of the construction company’s stock valued at $2,291,000 after acquiring an additional 23,887 shares in the last quarter. World Investment Advisors lifted its holdings in Masco by 819.8% in the 3rd quarter. World Investment Advisors now owns 54,745 shares of the construction company’s stock worth $3,853,000 after buying an additional 48,793 shares in the last quarter. CWA Asset Management Group LLC grew its stake in shares of Masco by 33.4% during the third quarter. CWA Asset Management Group LLC now owns 62,922 shares of the construction company’s stock valued at $4,429,000 after acquiring an additional 15,770 shares in the last quarter. Voya Financial Advisors Inc. purchased a new stake in shares of Masco during the third quarter worth about $1,245,000. Finally, Nordea Investment Management AB lifted its stake in shares of Masco by 6.6% in the second quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after acquiring an additional 206,311 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Royal Bank Of Canada reissued a “sector perform” rating and set a $67.00 price target on shares of Masco in a research report on Friday, January 9th. Citigroup cut their price target on shares of Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Vertical Research started coverage on shares of Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $73.20.

Masco Stock Up 1.7%

MAS stock opened at $71.23 on Friday. The firm has a market cap of $14.79 billion, a price-to-earnings ratio of 18.26, a PEG ratio of 2.83 and a beta of 1.28. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $82.18. The firm has a fifty day moving average price of $64.08 and a two-hundred day moving average price of $67.58. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.20.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the firm posted $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Research analysts predict that Masco Corporation will post 4.34 EPS for the current 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 given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

About Masco

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.