Masco Corporation $MAS Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. grew its stake in shares of Masco Corporation (NYSE:MAS) by 4,103.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 721,536 shares of the construction company’s stock after purchasing an additional 704,370 shares during the quarter. Pacer Advisors Inc. owned approximately 0.34% of Masco worth $50,789,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MAS. Elevation Point Wealth Partners LLC bought a new position in Masco during the 2nd quarter worth $28,000. Headlands Technologies LLC lifted its stake in Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. Caldwell Trust Co acquired a new position in shares of Masco during the second quarter valued at $37,000. CYBER HORNET ETFs LLC acquired a new position in shares of Masco during the second quarter valued at $37,000. Finally, Steph & Co. bought a new position in shares of Masco during the second quarter worth about $39,000. Institutional investors own 93.91% of the company’s stock.

Masco Stock Down 0.0%

MAS opened at $64.73 on Friday. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The company has a market capitalization of $13.44 billion, a PE ratio of 16.60, a P/E/G ratio of 2.80 and a beta of 1.27. The stock’s fifty day moving average is $64.03 and its 200-day moving average is $67.21. Masco Corporation has a one year low of $56.55 and a one year high of $82.18.

Masco (NYSE:MAS) last announced 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). 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 for the quarter, compared to the consensus estimate of $1.94 billion. During the same period in the prior year, the business earned $1.08 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, equities analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued 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 presently 31.79%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MAS shares. UBS Group cut their price objective on shares of Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Barclays restated an “equal weight” rating and issued a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Wells Fargo & Company raised Masco from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $70.00 to $75.00 in a report on Monday, December 15th. Vertical Research initiated coverage on Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Finally, Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 20th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $73.53.

About Masco

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.