Robeco Institutional Asset Management B.V. cut its holdings in Masco Corporation (NYSE:MAS – Free Report) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 81,974 shares of the construction company’s stock after selling 11,535 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Masco were worth $5,525,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new stake in Masco during the 2nd quarter worth about $1,278,943,000. Bank of America Corp DE acquired a new stake in Masco in the 2nd quarter valued at about $178,424,000. Bank of New York Mellon Corp bought a new position in shares of Masco in the second quarter worth about $156,668,000. Deutsche Bank AG bought a new position in shares of Masco in the second quarter worth about $149,673,000. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Masco by 828.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,071,592 shares of the construction company’s stock worth $64,692,000 after purchasing an additional 956,204 shares in the last quarter. 93.91% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have recently commented on MAS. Citigroup decreased their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a research report on Monday, August 3rd. DA Davidson began coverage on Masco in a report on Monday, August 24th. They set a “neutral” rating and a $80.00 price objective on the stock. Melius Research initiated coverage on Masco in a report on Tuesday, October 6th. They set a “hold” rating and a $75.00 price objective on the stock. Finally, Royal Bank Of Canada decreased their price objective on Masco from $72.00 to $69.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 7th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.12.
Read Our Latest Report on Masco
Masco Stock Performance
Shares of NYSE:MAS opened at $76.04 on Friday. 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 Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The stock has a market capitalization of $14.99 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.92 and a beta of 1.30. The business has a 50-day moving average price of $70.87 and a two-hundred day moving average price of $72.07.
Masco (NYSE:MAS – Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) 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 company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm earned $1.30 EPS. 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. Equities analysts predict that Masco Corporation will post 4.52 earnings per share for the current year.
Masco Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders 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 yield of 1.7%. Masco’s dividend payout ratio (DPR) is presently 29.43%.
About Masco
Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.
Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.
Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.
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