Massachusetts Financial Services Co. MA Trims Position in Masco Corporation $MAS

Massachusetts Financial Services Co. MA decreased its position in Masco Corporation (NYSE:MAS) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,785,659 shares of the construction company’s stock after selling 112,113 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Masco were worth $336,863,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Elevation Point Wealth Partners LLC purchased a new stake in shares of Masco during the 2nd quarter valued at about $28,000. Headlands Technologies LLC grew its position in Masco by 114.5% during 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 period. Caldwell Trust Co purchased a new stake in Masco during the second quarter valued at approximately $37,000. CYBER HORNET ETFs LLC bought a new position in Masco in the second quarter worth approximately $37,000. Finally, Steph & Co. bought a new position in Masco in the second quarter worth approximately $39,000. 93.91% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. UBS Group reduced their price objective on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Evercore ISI decreased their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 20th. Finally, Vertical Research initiated coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Six research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $73.20.

Masco Price Performance

Shares of Masco stock opened at $70.49 on Monday. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 2.84 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53. The stock’s 50-day simple moving average is $64.25 and its 200-day simple moving average is $67.62. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $82.18.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the business posted $1.08 EPS. The firm’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, analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Stockholders of record on Friday, November 7th were given a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 annualized dividend and a dividend yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Masco Profile

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.