Creative Planning Sells 3,462 Shares of Masco Corporation $MAS

Creative Planning lowered its holdings in Masco Corporation (NYSE:MAS) by 6.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,507 shares of the construction company’s stock after selling 3,462 shares during the period. Creative Planning’s holdings in Masco were worth $3,058,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MAS. Nordea Investment Management AB boosted its position in Masco by 6.6% during the second 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 acquired a new position in shares of Masco during the 1st quarter worth approximately $3,946,000. Tredje AP fonden raised its stake in shares of Masco by 25.7% during the 2nd quarter. Tredje AP fonden now owns 22,038 shares of the construction company’s stock worth $1,418,000 after purchasing an additional 4,507 shares in the last quarter. Swedbank AB boosted its holdings in shares of 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 buying an additional 46,932 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Masco by 7.2% in the 1st quarter. LPL Financial LLC now owns 187,893 shares of the construction company’s stock valued at $13,066,000 after buying an additional 12,686 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 3.7%

Shares of MAS opened at $62.35 on Monday. The firm has a market cap of $12.95 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 2.69 and a beta of 1.17. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.14 and a current ratio of 1.88. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $83.06. The firm’s 50-day simple moving average is $66.95 and its 200 day simple moving average is $67.26.

Masco (NYSE:MAS) last issued its quarterly earnings data 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 return on equity of 1,317.38% and a net margin of 10.89%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business earned $1.08 earnings per share. The company’s revenue was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. On average, analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 24th. Investors of record on Friday, November 7th will be paid a $0.31 dividend. The ex-dividend date is Friday, November 7th. This represents a $1.24 annualized dividend and a yield of 2.0%. Masco’s payout ratio is 31.79%.

Wall Street Analyst Weigh In

MAS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their price target on shares of Masco from $65.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Argus dropped their target price 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. UBS Group reduced 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. Barclays lowered their price target on Masco from $78.00 to $76.00 and set an “overweight” rating on the stock in a research report on Thursday, October 30th. Finally, Loop Capital reaffirmed a “hold” rating and issued a $73.00 price objective (up from $62.00) on shares of Masco in a research report on Monday, August 4th. One research 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’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $73.53.

Masco 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.