Masco Corporation $MAS Shares Sold by Confluence Investment Management LLC

Confluence Investment Management LLC lessened its holdings in shares of Masco Corporation (NYSE:MAS) by 2.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 868,229 shares of the construction company’s stock after selling 17,830 shares during the quarter. Confluence Investment Management LLC’s holdings in Masco were worth $61,115,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. FORA Capital LLC raised its position in shares of Masco by 203.9% during the 2nd quarter. FORA Capital LLC now owns 35,603 shares of the construction company’s stock worth $2,291,000 after purchasing an additional 23,887 shares during the period. Nordea Investment Management AB grew its stake in Masco by 6.6% during the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after buying an additional 206,311 shares during the last quarter. Voya Financial Advisors Inc. acquired a new stake in Masco in the third quarter worth $1,245,000. Tredje AP fonden lifted its stake in Masco by 25.7% in the second quarter. Tredje AP fonden now owns 22,038 shares of the construction company’s stock valued at $1,418,000 after buying an additional 4,507 shares during the last quarter. Finally, Swedbank AB lifted its stake in Masco by 43.4% in the second quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock valued at $9,977,000 after buying an additional 46,932 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada decreased their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Argus dropped their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Vertical Research assumed coverage on Masco in a research report on Monday, October 20th. They set a “hold” rating for the company. Finally, UBS Group lowered their target price on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. One research 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $73.53.

Masco Trading Up 0.0%

Shares of NYSE:MAS opened at $64.15 on Tuesday. The company has a 50 day moving average of $64.30 and a 200-day moving average of $67.23. The firm has a market cap of $13.32 billion, a P/E ratio of 16.45, a P/E/G ratio of 2.77 and a beta of 1.27. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $82.18. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 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 company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the prior year, the business earned $1.08 EPS. 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 Dividend Announcement

The company 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. The ex-dividend date was Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.9%. Masco’s dividend payout ratio (DPR) is 31.79%.

Masco Company Profile

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.