Vontobel Holding Ltd. lifted its holdings in Masco Corporation (NYSE:MAS – Free Report) by 21.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 112,336 shares of the construction company’s stock after buying an additional 20,099 shares during the period. Vontobel Holding Ltd.’s holdings in Masco were worth $7,571,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Masco in the second quarter worth approximately $1,278,943,000. Bank of America Corp DE bought a new stake in Masco during the second quarter valued at approximately $178,424,000. Bank of New York Mellon Corp purchased a new stake in Masco during the second quarter valued at approximately $156,668,000. Deutsche Bank AG purchased a new stake in Masco during the second quarter valued at approximately $149,673,000. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Masco by 828.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,071,592 shares of the construction company’s stock valued at $64,692,000 after buying an additional 956,204 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.
Masco Trading Up 0.4%
Masco stock opened at $72.85 on Friday. The firm has a 50 day moving average of $70.83 and a 200 day moving average of $71.52. The firm has a market capitalization of $14.36 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of 1.84 and a beta of 1.30. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.
Masco (NYSE:MAS – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Masco Corporation will post 4.52 earnings per share for the current year.
Masco Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s dividend payout ratio is 29.43%.
Analyst Upgrades and Downgrades
MAS has been the topic of several recent research reports. Weiss Ratings downgraded shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 2nd. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. UBS Group reduced their price objective on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Royal Bank Of Canada reduced their price objective on Masco from $72.00 to $69.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 7th. Finally, Truist Financial decreased their target price on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average price target of $79.12.
View Our Latest Research Report on Masco
Masco Profile
Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.
Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.
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