Hsbc Holdings PLC Sells 45,685 Shares of Masco Corporation $MAS

Hsbc Holdings PLC cut its stake in shares of Masco Corporation (NYSE:MAS) by 10.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,417 shares of the construction company’s stock after selling 45,685 shares during the period. Hsbc Holdings PLC owned approximately 0.18% of Masco worth $23,963,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in Masco by 6.6% in the second quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock worth $212,351,000 after purchasing an additional 206,311 shares during the period. Entropy Technologies LP acquired a new stake in Masco during the 1st quarter worth $3,946,000. Tredje AP fonden lifted its holdings in Masco by 25.7% during the second quarter. Tredje AP fonden now owns 22,038 shares of the construction company’s stock worth $1,418,000 after acquiring an additional 4,507 shares in the last quarter. Swedbank AB grew 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 acquiring an additional 46,932 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Masco by 7.2% in the first quarter. LPL Financial LLC now owns 187,893 shares of the construction company’s stock worth $13,066,000 after acquiring an additional 12,686 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of several research analyst reports. Vertical Research assumed coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. Oppenheimer set a $79.00 price objective on shares of Masco and gave the stock an “outperform” rating in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. upped their price target on shares of Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have issued a Hold rating to the stock. Based on data from MarketBeat, Masco currently has an average rating of “Hold” and an average target price of $73.53.

Masco Price Performance

Shares of NYSE:MAS opened at $64.76 on Tuesday. The company has a market cap of $13.45 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 2.69 and a beta of 1.17. Masco Corporation has a one year low of $56.55 and a one year high of $82.18. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The firm has a 50 day simple moving average of $65.91 and a 200 day simple moving average of $67.18.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the prior year, the business posted $1.08 earnings per share. Masco’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. Research analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a $0.31 dividend. 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.