Masco Corporation $MAS Holdings Lessened by Confluence Investment Management LLC

Confluence Investment Management LLC lowered its stake in Masco Corporation (NYSE:MAS) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 707,047 shares of the construction company’s stock after selling 61,633 shares during the period. Confluence Investment Management LLC’s holdings in Masco were worth $47,655,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Bard Associates Inc. purchased a new stake in Masco during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new position in shares of Masco during the 2nd quarter valued at approximately $32,000. Johnson Financial Group Inc. purchased a new stake in Masco during the 2nd quarter valued at $49,000. Root Financial Partners LLC raised its holdings in Masco by 106.3% during the 1st quarter. Root Financial Partners LLC now owns 879 shares of the construction company’s stock valued at $53,000 after buying an additional 453 shares during the period. Finally, Trust Co. of Vermont bought a new stake in Masco in the second quarter worth $53,000. 93.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MAS shares. Truist Financial cut their price objective on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. DA Davidson began coverage on shares of Masco in a research note on Monday, August 24th. They set a “neutral” rating and a $80.00 price target for the company. Wells Fargo & Company cut their price target on shares of Masco from $87.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, September 11th. UBS Group decreased their price objective on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.56.

Masco Trading Up 0.9%

MAS traded up $0.60 on Thursday, reaching $68.00. 585,421 shares of the company traded hands, compared to its average volume of 2,612,391. The company has a market cap of $13.41 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.67 and a beta of 1.30. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The firm has a fifty day simple moving average of $72.48 and a two-hundred day simple moving average of $70.82.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 annualized dividend and a yield of 1.9%. Masco’s dividend payout ratio is 29.43%.

Masco Company Profile

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.