Masco Corporation $MAS Stock Position Raised by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in Masco Corporation (NYSE:MAS) by 4,103.3% during the third quarter, HoldingsChannel.com reports. The fund owned 721,536 shares of the construction company’s stock after buying an additional 704,370 shares during the period. Pacer Advisors Inc.’s holdings in Masco were worth $50,789,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MAS. World Investment Advisors increased its stake in Masco by 819.8% in the 3rd quarter. World Investment Advisors now owns 54,745 shares of the construction company’s stock worth $3,853,000 after purchasing an additional 48,793 shares in the last quarter. Brookstone Capital Management purchased a new position in shares of Masco in the third quarter worth approximately $240,000. Global X Japan Co. Ltd. raised its holdings in shares of Masco by 398.3% during the third quarter. Global X Japan Co. Ltd. now owns 1,510 shares of the construction company’s stock valued at $106,000 after acquiring an additional 1,207 shares during the period. Optas LLC raised its holdings in shares of Masco by 8.3% during the third quarter. Optas LLC now owns 4,769 shares of the construction company’s stock valued at $336,000 after acquiring an additional 366 shares during the period. Finally, Vontobel Holding Ltd. lifted its position in shares of Masco by 17.3% in the 3rd quarter. Vontobel Holding Ltd. now owns 87,410 shares of the construction company’s stock valued at $6,153,000 after acquiring an additional 12,923 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the topic of several recent analyst reports. 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. UBS Group dropped their price target on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Argus reduced their price objective on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Finally, Vertical Research initiated coverage on Masco in a report on Monday, October 20th. They issued a “hold” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $73.53.

Masco Trading Down 0.0%

NYSE:MAS opened at $64.73 on Friday. The company has a market capitalization of $13.44 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.80 and a beta of 1.27. The stock’s 50 day moving average price is $64.03 and its 200 day moving average price is $67.21. 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 Corporation has a 52 week low of $56.55 and a 52 week high of $82.18.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the firm earned $1.08 earnings per share. Masco’s 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. On average, research analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 24th. Shareholders of record on Friday, November 7th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Masco Company 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.