SVB Wealth LLC Acquires New Holdings in Masco Corporation $MAS

SVB Wealth LLC bought a new position in Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 38,202 shares of the construction company’s stock, valued at approximately $2,459,000.

A number of other hedge funds have also recently made changes to their positions in MAS. Chicago Partners Investment Group LLC bought a new position in Masco in the 1st quarter worth about $241,000. Citigroup Inc. raised its stake in shares of Masco by 13.5% during the first quarter. Citigroup Inc. now owns 344,762 shares of the construction company’s stock worth $23,975,000 after acquiring an additional 41,027 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Masco by 57.6% in the 1st quarter. National Bank of Canada FI now owns 162,076 shares of the construction company’s stock valued at $11,271,000 after acquiring an additional 59,211 shares during the last quarter. Townsquare Capital LLC raised its holdings in Masco by 7.3% during the 1st quarter. Townsquare Capital LLC now owns 4,280 shares of the construction company’s stock valued at $298,000 after buying an additional 293 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Masco by 4.2% during the 1st quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company’s stock valued at $269,972,000 after purchasing an additional 155,351 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MAS. Argus cut their price target on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Royal Bank Of Canada cut their target price on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. Barclays restated an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a report on Monday. 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, Vertical Research began coverage on Masco in a research report on Monday, October 20th. They set a “hold” rating on the stock. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Masco currently has an average rating of “Hold” and a consensus price target of $73.20.

Masco Stock Down 1.2%

Masco stock opened at $62.45 on Tuesday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The stock has a fifty day simple moving average of $65.21 and a two-hundred day simple moving average of $67.13. The company has a current ratio of 1.88, a quick ratio of 1.20 and a debt-to-equity ratio of 17.53. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 2.73 and a beta of 1.27.

Masco (NYSE:MAS) last issued its earnings results 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). Masco had a return on equity of 1,317.38% and a net margin of 10.89%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same period last year, the firm posted $1.08 EPS. Masco’s quarterly revenue was down 3.3% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal 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 dividend on an annualized basis and a dividend yield of 2.0%. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Masco Company Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.