Generali Asset Management SPA SGR Purchases 15,083 Shares of Masco Corporation $MAS

Generali Asset Management SPA SGR increased its position in Masco Corporation (NYSE:MAS) by 1,051.8% in the third quarter, HoldingsChannel reports. The firm owned 16,517 shares of the construction company’s stock after purchasing an additional 15,083 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Masco were worth $1,163,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MAS. Vident Advisory LLC boosted its holdings in shares of Masco by 175.8% during the 1st quarter. Vident Advisory LLC now owns 8,374 shares of the construction company’s stock valued at $582,000 after buying an additional 5,338 shares in the last quarter. Petrus Trust Company LTA purchased a new position in Masco during the 1st quarter valued at about $447,000. Scientech Research LLC boosted its stake in Masco by 54.5% during the first quarter. Scientech Research LLC now owns 9,512 shares of the construction company’s stock worth $661,000 after acquiring an additional 3,354 shares in the last quarter. UniSuper Management Pty Ltd grew its holdings in Masco by 7.1% in the first quarter. UniSuper Management Pty Ltd now owns 30,876 shares of the construction company’s stock worth $2,147,000 after purchasing an additional 2,041 shares during the period. Finally, Teza Capital Management LLC increased its stake in shares of Masco by 13.2% during the first quarter. Teza Capital Management LLC now owns 4,758 shares of the construction company’s stock valued at $331,000 after purchasing an additional 553 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MAS. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Royal Bank Of Canada dropped their target price on Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. UBS Group cut their target price on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, October 30th. Argus lowered their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Wells Fargo & Company upgraded shares of Masco from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $70.00 to $75.00 in a research note on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $73.53.

Masco Stock Up 1.6%

Masco stock opened at $64.47 on Monday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a fifty day simple moving average of $63.52 and a two-hundred day simple moving average of $67.32. 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 firm has a market cap of $13.39 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.60 and a beta of 1.28.

Masco (NYSE:MAS) last announced its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the previous year, the company earned $1.08 earnings per share. The company’s revenue for the quarter 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 analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal 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 paid a $0.31 dividend. The ex-dividend date was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s payout ratio is currently 31.79%.

Masco 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.