Confluence Investment Management LLC Decreases Holdings in Masco Corporation $MAS

Confluence Investment Management LLC cut its stake in shares of Masco Corporation (NYSE:MAS) by 8.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 707,047 shares of the construction company’s stock after selling 61,633 shares during the period. Confluence Investment Management LLC owned about 0.36% of Masco worth $47,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. QRG Capital Management Inc. lifted its holdings in Masco by 2.1% during the second quarter. QRG Capital Management Inc. now owns 43,797 shares of the construction company’s stock valued at $3,564,000 after purchasing an additional 921 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of Masco by 10.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,617 shares of the construction company’s stock worth $864,000 after purchasing an additional 1,015 shares in the last quarter. Altar Rock LLC bought a new stake in shares of Masco during the 2nd quarter valued at $211,000. Sequoia Financial Advisors LLC raised its position in shares of Masco by 14.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 111,961 shares of the construction company’s stock valued at $9,110,000 after purchasing an additional 13,796 shares during the period. Finally, National Pension Service lifted its stake in shares of Masco by 2.2% during the 2nd quarter. National Pension Service now owns 61,285 shares of the construction company’s stock valued at $4,987,000 after buying an additional 1,317 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of MAS stock traded up $0.60 during trading hours on Thursday, hitting $68.00. The stock had a trading volume of 585,421 shares, compared to its average volume of 2,612,391. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The stock has a market capitalization of $13.41 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.67 and a beta of 1.30. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The stock’s 50-day moving average price is $72.48 and its two-hundred day moving average price is $70.82.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the business posted $1.30 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s dividend payout ratio (DPR) is 29.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Truist Financial cut their price target on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Wells Fargo & Company dropped their price objective on Masco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Barclays cut their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Evercore cut Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a report on Thursday, July 30th. Finally, Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $79.56.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.