Candriam S.C.A. Sells 8,355 Shares of Masco Corporation $MAS

Candriam S.C.A. trimmed its position in Masco Corporation (NYSE:MAS) by 35.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,990 shares of the construction company’s stock after selling 8,355 shares during the quarter. Candriam S.C.A.’s holdings in Masco were worth $965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nordea Investment Management AB raised its position in Masco by 6.6% in the 2nd quarter. Nordea Investment Management AB now owns 3,311,261 shares of the construction company’s stock valued at $212,351,000 after purchasing an additional 206,311 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Masco during the first quarter worth $3,946,000. Tredje AP fonden increased its stake in shares of Masco by 25.7% in the second quarter. Tredje AP fonden now owns 22,038 shares of the construction company’s stock valued at $1,418,000 after buying an additional 4,507 shares in the last quarter. Swedbank AB increased its position in Masco by 43.4% in the 2nd quarter. Swedbank AB now owns 155,019 shares of the construction company’s stock valued at $9,977,000 after acquiring an additional 46,932 shares in the last quarter. Finally, LPL Financial LLC raised its position in Masco by 7.2% in the 1st quarter. LPL Financial LLC now owns 187,893 shares of the construction company’s stock worth $13,066,000 after purchasing an additional 12,686 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $59.33 on Tuesday. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.14. The business has a 50-day moving average of $68.05 and a 200-day moving average of $67.29. The stock has a market capitalization of $12.32 billion, a price-to-earnings ratio of 15.21, a PEG ratio of 2.69 and a beta of 1.17. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $83.06.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Friday, November 7th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Friday, November 7th. Masco’s payout ratio is presently 31.79%.

Analyst Ratings Changes

MAS has been the subject of several recent research reports. Argus dropped their price objective on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Vertical Research began coverage on shares of Masco in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Royal Bank Of Canada lowered their price objective on shares of Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $73.53.

Insider Transactions at Masco

In other Masco news, insider Jai Shah sold 82,910 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $76.04, for a total value of $6,304,476.40. Following the completion of the sale, the insider owned 39,638 shares in the company, valued at $3,014,073.52. This trade represents a 67.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.50% of the company’s stock.

About Masco

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.