Masco Corporation $MAS Shares Sold by Ariel Investments LLC

Ariel Investments LLC decreased its position in shares of Masco Corporation (NYSE:MAS) by 57.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,924 shares of the construction company’s stock after selling 540,062 shares during the quarter. Ariel Investments LLC owned 0.19% of Masco worth $25,868,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new position in Masco during the 2nd quarter worth approximately $28,000. Steph & Co. acquired a new stake in shares of Masco in the second quarter worth $39,000. Stone House Investment Management LLC acquired a new stake in shares of Masco in the first quarter worth $50,000. True Wealth Design LLC raised 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 purchasing an additional 759 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new position in Masco during the first quarter valued at $68,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Down 2.0%

Shares of NYSE MAS opened at $61.18 on Wednesday. The firm has a market cap of $12.71 billion, a price-to-earnings ratio of 15.69, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27. The company’s 50-day simple moving average is $65.03 and its 200-day simple moving average is $67.12. 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 Corporation has a 52-week low of $56.55 and a 52-week high of $82.18.

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

Masco Announces Dividend

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

Analyst Upgrades and Downgrades

MAS has been the topic of several analyst reports. Barclays reaffirmed an “equal weight” rating and set a $71.00 price target (down from $76.00) on shares of Masco in a research report on Monday. UBS Group dropped their target price on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, October 30th. Argus decreased their price target on Masco from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Wells Fargo & Company dropped their price objective on shares of Masco from $80.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Finally, Vertical Research began coverage on shares of Masco in a report on Monday, October 20th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and fourteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $73.20.

Masco Company 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.