Robeco Institutional Asset Management B.V. Sells 8,890 Shares of Masco Corporation $MAS

Robeco Institutional Asset Management B.V. lowered its position in shares of Masco Corporation (NYSE:MAS) by 6.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 135,669 shares of the construction company’s stock after selling 8,890 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Masco were worth $9,550,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new position in shares of Masco during the second quarter worth $28,000. Headlands Technologies LLC lifted its holdings in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after acquiring an additional 293 shares in the last quarter. Caldwell Trust Co acquired a new position in Masco in the second quarter valued at about $37,000. CYBER HORNET ETFs LLC bought a new stake in shares of Masco in the second quarter worth about $37,000. Finally, Steph & Co. bought a new stake in shares of Masco in the second quarter worth about $39,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $69.39 on Friday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $82.18. The company’s fifty day simple moving average is $63.51 and its 200-day simple moving average is $67.40. The firm has a market cap of $14.41 billion, a PE ratio of 17.79, a P/E/G ratio of 2.71 and a beta of 1.28. The company has a quick ratio of 1.20, a current ratio of 1.88 and a debt-to-equity ratio of 17.53.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the previous year, the firm posted $1.08 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, November 7th. Masco’s dividend payout ratio is presently 31.79%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays reiterated an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Vertical Research assumed coverage on shares of Masco in a report on Monday, October 20th. They issued a “hold” rating for the company. Wells Fargo & Company raised shares of Masco from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $70.00 to $75.00 in a research report on Monday, December 15th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $67.00 price objective on shares of Masco in a research report on Friday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat, Masco has a consensus rating of “Hold” and an average price target of $73.00.

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.