Beutel Goodman & Co Ltd. Sells 55,253 Shares of Masco Corporation $MAS

Beutel Goodman & Co Ltd. trimmed its holdings in shares of Masco Corporation (NYSE:MAS) by 2.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 2,744,300 shares of the construction company’s stock after selling 55,253 shares during the period. Beutel Goodman & Co Ltd. owned approximately 1.31% of Masco worth $176,623,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in MAS. Elevation Point Wealth Partners LLC acquired a new position in shares of Masco in the 2nd quarter worth approximately $28,000. Costello Asset Management INC bought a new position in Masco during the 1st quarter valued at about $31,000. Steph & Co. bought a new position in Masco during the 2nd quarter valued at about $39,000. Stone House Investment Management LLC bought a new stake in Masco during the first quarter worth about $50,000. Finally, True Wealth Design LLC increased its holdings in shares of Masco by 716.0% during the second quarter. True Wealth Design LLC now owns 865 shares of the construction company’s stock worth $56,000 after buying an additional 759 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MAS shares. Evercore ISI cut their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating for the company in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their price target 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. Barclays lowered their price target on shares of Masco from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Finally, Vertical Research started coverage on Masco in a report on Monday, October 20th. They set a “hold” rating on the stock. One 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.53.

Masco Stock Down 0.4%

Shares of NYSE MAS opened at $64.39 on Friday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $82.18. 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 stock has a market cap of $13.37 billion, a P/E ratio of 16.51, a P/E/G ratio of 2.80 and a beta of 1.27. The firm has a 50 day moving average price of $65.51 and a 200 day moving average price of $67.12.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter last year, the business posted $1.08 earnings per share. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Announces Dividend

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

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.