SG Americas Securities LLC Sells 68,032 Shares of Masco Corporation $MAS

SG Americas Securities LLC reduced its stake in Masco Corporation (NYSE:MAS) by 89.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,356 shares of the construction company’s stock after selling 68,032 shares during the period. SG Americas Securities LLC’s holdings in Masco were worth $538,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Masco by 3.8% in the first quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company’s stock worth $1,883,985,000 after purchasing an additional 984,403 shares during the last quarter. Boston Partners boosted its position in Masco by 16.2% during the 2nd quarter. Boston Partners now owns 5,789,215 shares of the construction company’s stock valued at $372,708,000 after buying an additional 808,535 shares during the period. Geode Capital Management LLC boosted its position in Masco by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after buying an additional 60,672 shares during the period. Invesco Ltd. grew its holdings in Masco by 47.4% in the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock worth $289,253,000 after acquiring an additional 1,337,889 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after acquiring an additional 155,351 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MAS. Oppenheimer set a $79.00 target price on shares of Masco and gave the stock an “outperform” rating in a report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Vertical Research began coverage on Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Barclays cut their price objective on Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Evercore ISI decreased their target price on Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a report on Thursday, October 30th. 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. According to MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus price target of $73.53.

Masco Stock Up 1.8%

MAS stock opened at $64.48 on Thursday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $82.18. The company has a market capitalization of $13.39 billion, a price-to-earnings ratio of 16.53, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The business’s 50 day moving average price is $66.35 and its two-hundred day moving average price is $67.25. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s dividend payout ratio is currently 31.79%.

Masco Company 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.