Beutel Goodman & Co Ltd. Has $176.62 Million Position in Masco Corporation $MAS

Beutel Goodman & Co Ltd. decreased its stake in Masco Corporation (NYSE:MAS) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,744,300 shares of the construction company’s stock after selling 55,253 shares during the period. Beutel Goodman & Co Ltd.’s holdings in Masco were worth $176,623,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MAS. CW Advisors LLC acquired a new stake in Masco in the second quarter valued at $238,000. Claret Asset Management Corp bought a new stake in shares of Masco in the 2nd quarter valued at about $233,000. Edgestream Partners L.P. lifted its stake in Masco by 65.6% in the 2nd quarter. Edgestream Partners L.P. now owns 149,546 shares of the construction company’s stock valued at $9,625,000 after purchasing an additional 59,253 shares during the last quarter. Lido Advisors LLC grew its holdings in Masco by 23.9% during the second quarter. Lido Advisors LLC now owns 17,615 shares of the construction company’s stock worth $1,134,000 after purchasing an additional 3,399 shares during the period. Finally, Norges Bank bought a new position in Masco during the second quarter worth about $122,990,000. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MAS has been the topic of several research analyst reports. Argus dropped their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Barclays lowered their target price on shares of Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Wells Fargo & Company reduced their target price on Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a report on Thursday, October 30th. Finally, UBS Group cut their target price on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $73.53.

Masco Stock Performance

Shares of MAS stock opened at $64.39 on Friday. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 16.51, a PEG ratio of 2.80 and a beta of 1.27. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. The business’s 50-day moving average price is $65.51 and its 200-day moving average price is $67.12. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18.

Masco (NYSE:MAS) last issued its quarterly earnings data 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 net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the business earned $1.08 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were issued a dividend of $0.31 per share. 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 payout ratio is 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.