Schroder Investment Management Group Lowers Holdings in Masco Corporation $MAS

Schroder Investment Management Group decreased its holdings in shares of Masco Corporation (NYSE:MAS) by 9.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,531,861 shares of the construction company’s stock after selling 163,936 shares during the quarter. Schroder Investment Management Group owned about 0.73% of Masco worth $98,591,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MAS. Norges Bank acquired a new stake in shares of Masco during the 2nd quarter worth about $122,990,000. Johnson Financial Group Inc. boosted its stake in Masco by 260.3% during the second quarter. Johnson Financial Group Inc. now owns 1,236 shares of the construction company’s stock worth $80,000 after buying an additional 893 shares during the period. Korea Investment CORP boosted its stake in Masco by 0.8% during the second quarter. Korea Investment CORP now owns 220,745 shares of the construction company’s stock worth $14,207,000 after buying an additional 1,707 shares during the period. Elevation Point Wealth Partners LLC acquired a new stake in shares of Masco during the second quarter valued at about $28,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Masco by 84.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 8,340 shares of the construction company’s stock valued at $537,000 after acquiring an additional 3,828 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Up 0.7%

Masco stock opened at $64.87 on Friday. The firm has a market capitalization of $13.47 billion, a P/E ratio of 16.63, a P/E/G ratio of 2.69 and a beta of 1.17. The company has a current ratio of 1.88, a quick ratio of 1.14 and a debt-to-equity ratio of 17.53. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $82.18. The stock’s fifty day simple moving average is $66.04 and its 200-day simple moving average is $67.19.

Masco (NYSE:MAS) last released 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 return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same period in the previous year, the firm 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. As a group, equities analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were paid a dividend of $0.31 per share. 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 dividend payout ratio is presently 31.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on MAS shares. Loop Capital reaffirmed a “hold” rating and set a $73.00 price objective (up previously from $62.00) on shares of Masco in a research report on Monday, August 4th. Vertical Research began coverage on Masco in a research note on Monday, October 20th. They set a “hold” rating on the stock. Wells Fargo & Company dropped their price objective on Masco from $80.00 to $70.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Argus cut their price objective on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Oppenheimer set a $79.00 target price on Masco and gave the company an “outperform” rating in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $73.53.

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.