QRG Capital Management Inc. Decreases Stock Holdings in Masco Corporation $MAS

QRG Capital Management Inc. reduced its position in shares of Masco Corporation (NYSE:MAS) by 58.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,517 shares of the construction company’s stock after selling 248,569 shares during the period. QRG Capital Management Inc. owned 0.08% of Masco worth $12,284,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Klein Pavlis & Peasley Financial Inc. raised its position in Masco by 4.8% during the 3rd quarter. Klein Pavlis & Peasley Financial Inc. now owns 44,984 shares of the construction company’s stock valued at $3,166,000 after purchasing an additional 2,076 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Masco by 62.9% during the third quarter. Ritholtz Wealth Management now owns 7,130 shares of the construction company’s stock valued at $502,000 after acquiring an additional 2,753 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Masco by 20.2% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,485 shares of the construction company’s stock worth $1,935,000 after acquiring an additional 4,620 shares during the period. Procyon Advisors LLC boosted its holdings in Masco by 81.2% in the third quarter. Procyon Advisors LLC now owns 15,976 shares of the construction company’s stock valued at $1,125,000 after acquiring an additional 7,159 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Masco by 9.4% during the 3rd quarter. Versant Capital Management Inc now owns 7,596 shares of the construction company’s stock valued at $535,000 after purchasing an additional 652 shares during the period. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MAS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Royal Bank Of Canada restated a “sector perform” rating and issued a $67.00 price objective on shares of Masco in a report on Friday, January 9th. Wells Fargo & Company upped their target price on Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group lowered their target price on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Finally, Citigroup reduced their price target on Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Six analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $73.20.

Masco Trading Down 1.0%

Masco stock opened at $70.49 on Friday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The company has a market capitalization of $14.64 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.84 and a beta of 1.28. The business’s fifty day simple moving average is $64.25 and its two-hundred day simple moving average is $67.62. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm’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 business posted $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities analysts predict that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

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.