Rakuten Investment Management Inc. Takes Position in Masco Corporation $MAS

Rakuten Investment Management Inc. bought a new stake in shares of Masco Corporation (NYSE:MAS) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 18,604 shares of the construction company’s stock, valued at approximately $1,310,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank bought a new position in Masco during the 2nd quarter valued at $122,990,000. Vanguard Group Inc. raised its holdings in shares of Masco by 6.6% in the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after purchasing an additional 1,780,673 shares during the last quarter. Holocene Advisors LP lifted its position in shares of Masco by 48.6% during the second quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after purchasing an additional 1,635,746 shares in the last quarter. Boston Partners boosted its holdings in Masco by 16.3% during the second quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after purchasing an additional 810,881 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Masco by 24.0% during the third quarter. Nordea Investment Management AB now owns 4,104,852 shares of the construction company’s stock worth $286,396,000 after purchasing an additional 793,591 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MAS shares. Argus dropped their target price on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Thursday. Wells Fargo & Company boosted their price objective on Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. 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 research report on Thursday, October 30th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $67.00 target price on shares of Masco in a research note on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $73.20.

Masco Trading Down 1.7%

Shares of MAS opened at $68.73 on Friday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $82.18. The business has a 50-day moving average of $65.04 and a 200 day moving average of $67.74. The firm has a market cap of $14.27 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 2.77 and a beta of 1.28. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue for the quarter was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

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