QRG Capital Management Inc. Sells 248,569 Shares of Masco Corporation $MAS

QRG Capital Management Inc. cut its stake in Masco Corporation (NYSE:MAS) by 58.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 174,517 shares of the construction company’s stock after selling 248,569 shares during the quarter. QRG Capital Management Inc.’s holdings in Masco were worth $12,284,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MAS. Klein Pavlis & Peasley Financial Inc. boosted its holdings in Masco by 4.8% in the third quarter. Klein Pavlis & Peasley Financial Inc. now owns 44,984 shares of the construction company’s stock worth $3,166,000 after purchasing an additional 2,076 shares during the last quarter. Ritholtz Wealth Management lifted its holdings in shares of Masco by 62.9% during the 3rd quarter. Ritholtz Wealth Management now owns 7,130 shares of the construction company’s stock valued at $502,000 after buying an additional 2,753 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in shares of Masco by 20.2% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 27,485 shares of the construction company’s stock worth $1,935,000 after buying an additional 4,620 shares during the last quarter. Procyon Advisors LLC grew its holdings in shares of Masco by 81.2% in the third quarter. Procyon Advisors LLC now owns 15,976 shares of the construction company’s stock worth $1,125,000 after acquiring an additional 7,159 shares during the period. Finally, Versant Capital Management Inc increased its position in Masco by 9.4% during the third quarter. Versant Capital Management Inc now owns 7,596 shares of the construction company’s stock valued at $535,000 after acquiring an additional 652 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Stock Down 1.0%

MAS opened at $70.49 on Friday. The stock has a market cap of $14.64 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 2.84 and a beta of 1.28. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. The firm’s fifty day moving average is $64.25 and its 200 day moving average is $67.62. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $82.18.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.94 billion. Masco had a net margin of 10.89% and a return on equity of 1,317.38%. Masco’s revenue was down 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, sell-side analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Dividend Announcement

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

Analysts Set New Price Targets

MAS has been the subject of a number of recent research reports. Barclays restated an “equal weight” rating and set a $71.00 price target (down from $76.00) on shares of Masco in a research note on Monday, December 8th. Citigroup decreased their price target on shares of Masco from $72.00 to $71.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Wells Fargo & Company raised their target price on Masco from $75.00 to $78.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group cut their price target on Masco from $85.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Six equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $73.20.

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.