607,655 Shares in Masco Corporation $MAS Purchased by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. bought a new stake in Masco Corporation (NYSE:MAS) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 607,655 shares of the construction company’s stock, valued at approximately $42,773,000. Vaughan Nelson Investment Management L.P. owned approximately 0.29% of Masco at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Masco by 6.6% in the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after purchasing an additional 1,780,673 shares during the period. Boston Partners increased its stake in Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after buying an additional 810,881 shares during the period. Geode Capital Management LLC lifted its holdings in Masco by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock worth $339,391,000 after buying an additional 60,672 shares in the last quarter. Holocene Advisors LP lifted its holdings in Masco by 48.6% during the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after buying an additional 1,635,746 shares in the last quarter. Finally, Nordea Investment Management AB boosted 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 buying an additional 206,311 shares during the period. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Up 3.6%

MAS opened at $66.10 on Wednesday. The company has a debt-to-equity ratio of 17.53, a quick ratio of 1.20 and a current ratio of 1.88. Masco Corporation has a one year low of $56.55 and a one year high of $82.18. The company has a market cap of $13.73 billion, a P/E ratio of 16.95, a PEG ratio of 2.57 and a beta of 1.28. The business’s 50-day simple moving average is $63.39 and its 200-day simple moving average is $67.38.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, October 29th. The construction company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.05). The business had revenue of $1.92 billion during 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% compared to the same quarter last year. During the same period last year, the company earned $1.08 earnings per share. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. UBS Group cut their price objective on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company raised Masco from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $70.00 to $75.00 in a research note on Monday, December 15th. Royal Bank Of Canada cut their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Masco in a research report on Wednesday, October 8th. Finally, Vertical Research started coverage on Masco in a research 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, six have assigned a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $73.29.

About Masco

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.