Assenagon Asset Management S.A. Has $41.86 Million Position in Masco Corporation $MAS

Assenagon Asset Management S.A. lifted its position in Masco Corporation (NYSE:MAS) by 540.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 594,676 shares of the construction company’s stock after acquiring an additional 501,813 shares during the period. Assenagon Asset Management S.A.’s holdings in Masco were worth $41,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new stake in Masco in the second quarter valued at approximately $28,000. Headlands Technologies LLC boosted its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares in the last quarter. Caldwell Trust Co acquired a new position in shares of Masco in the 2nd quarter valued at $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Masco in the 2nd quarter valued at $37,000. Finally, Steph & Co. bought a new stake in shares of Masco in the 2nd quarter valued at $39,000. Institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of a number of research analyst reports. Evercore ISI decreased their target price on Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research note on Thursday, October 30th. Barclays reiterated an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Royal Bank Of Canada dropped their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Vertical Research began coverage on shares of Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, UBS Group lowered their price objective on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.53.

Masco Trading Down 0.2%

NYSE MAS opened at $65.00 on Friday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $82.18. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The stock’s 50 day moving average price is $64.35 and its two-hundred day moving average price is $67.15. The stock has a market capitalization of $13.50 billion, a price-to-earnings ratio of 16.67, a PEG ratio of 2.82 and a beta of 1.27.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $1.08 earnings per share. Masco’s 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. As a group, analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 1.9%. Masco’s 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.