Masco Corporation $MAS Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its stake in shares of Masco Corporation (NYSE:MAS) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,872,772 shares of the construction company’s stock after purchasing an additional 1,780,673 shares during the period. Vanguard Group Inc. owned 13.79% of Masco worth $1,858,252,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its holdings in shares of Masco by 4.6% during the 1st quarter. Venturi Wealth Management LLC now owns 5,479 shares of the construction company’s stock worth $381,000 after buying an additional 242 shares during the last quarter. AE Wealth Management LLC grew its position in Masco by 13.9% during the first quarter. AE Wealth Management LLC now owns 90,772 shares of the construction company’s stock valued at $6,312,000 after acquiring an additional 11,082 shares during the period. Machina Capital S.A.S. increased its stake in Masco by 12.4% during the first quarter. Machina Capital S.A.S. now owns 16,646 shares of the construction company’s stock worth $1,158,000 after acquiring an additional 1,839 shares during the last quarter. Advisor OS LLC increased its stake in Masco by 17.4% during the first quarter. Advisor OS LLC now owns 5,933 shares of the construction company’s stock worth $413,000 after acquiring an additional 881 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of Masco by 2.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 26,630 shares of the construction company’s stock worth $1,852,000 after purchasing an additional 631 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 3.7%

MAS opened at $62.35 on Friday. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $83.06. 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 stock has a market capitalization of $12.95 billion, a PE ratio of 15.99, a P/E/G ratio of 2.69 and a beta of 1.17. The firm’s fifty day moving average price is $66.95 and its 200 day moving average price is $67.16.

Masco (NYSE:MAS) last released its 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). The company had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.Masco’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Stockholders of record on Friday, November 7th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. Masco’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on MAS. Wells Fargo & Company decreased their target price on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Loop Capital restated a “hold” rating and issued a $73.00 price target (up previously from $62.00) on shares of Masco in a report on Monday, August 4th. Vertical Research assumed coverage on shares of Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Barclays reduced their target price on shares of Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $73.53.

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.