Procyon Advisors LLC Raises Holdings in Masco Corporation $MAS

Procyon Advisors LLC lifted its position in Masco Corporation (NYSE:MAS) by 81.2% during the 3rd quarter, HoldingsChannel reports. The firm owned 15,976 shares of the construction company’s stock after acquiring an additional 7,159 shares during the quarter. Procyon Advisors LLC’s holdings in Masco were worth $1,125,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Masco during the 2nd quarter valued at approximately $122,990,000. Vanguard Group Inc. boosted its position in shares of Masco by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after acquiring an additional 1,780,673 shares during the last quarter. Holocene Advisors LP boosted its position in shares of Masco by 48.6% during the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after acquiring an additional 1,635,746 shares during the last quarter. Boston Partners grew its holdings in shares of Masco by 16.3% in the second quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Masco by 24.0% in the third quarter. Nordea Investment Management AB now owns 4,104,852 shares of the construction company’s stock worth $286,396,000 after purchasing an additional 793,591 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Shares of MAS stock opened at $71.23 on Friday. The stock has a 50 day moving average price of $64.08 and a 200 day moving average price of $67.58. 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 firm has a market capitalization of $14.79 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.83 and a beta of 1.28.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, October 29th. The construction company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.02 by ($0.05). Masco had a net margin of 10.89% and a return on equity of 1,317.38%. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.94 billion. During the same period last year, the company earned $1.08 EPS. The business’s 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. As a group, sell-side analysts predict that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a yield of 1.7%. Masco’s dividend payout ratio (DPR) is presently 31.79%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MAS. Barclays reaffirmed an “equal weight” rating and set a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Evercore ISI reduced their price objective on Masco from $75.00 to $70.00 and set an “in-line” rating on the stock in a research note on Thursday, October 30th. Argus decreased their price objective on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Finally, Citigroup dropped their target price on Masco from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. One investment 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 company presently has a consensus rating of “Hold” and an average target price of $73.20.

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.