Nordea Investment Management AB Increases Stock Holdings in Masco Corporation $MAS

by · The Cerbat Gem

Nordea Investment Management AB boosted its stake in Masco Corporation (NYSE:MAS – Free Report) by 24.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,104,852 shares of the construction company’s stock after purchasing an additional 793,591 shares during the quarter. Nordea Investment Management AB owned about 1.96% of Masco worth $286,396,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of MAS. Gateway Investment Advisers LLC raised its holdings in shares of Masco by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after purchasing an additional 143 shares during the period. HB Wealth Management LLC lifted its position in Masco by 2.9% during the second quarter. HB Wealth Management LLC now owns 5,522 shares of the construction company’s stock valued at $355,000 after buying an additional 157 shares in the last quarter. Applied Finance Capital Management LLC grew its stake in Masco by 3.2% during the second quarter. Applied Finance Capital Management LLC now owns 5,593 shares of the construction company’s stock worth $360,000 after buying an additional 173 shares during the period. Foster & Motley Inc. increased its holdings in Masco by 0.6% in the 3rd quarter. Foster & Motley Inc. now owns 27,077 shares of the construction company’s stock valued at $1,906,000 after purchasing an additional 173 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its position in Masco by 2.8% in the second quarter. Transcend Capital Advisors LLC now owns 6,503 shares of the construction company’s stock valued at $419,000 after purchasing an additional 176 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays reiterated an “equal weight” rating and set a $71.00 price objective (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Citigroup reduced their price target on Masco from $72.00 to $71.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $67.00 price target on shares of Masco in a report on Friday. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. Finally, Vertical Research began coverage on shares of Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.00.

Check Out Our Latest Stock Report on Masco

Masco Price Performance

NYSE MAS opened at $69.57 on Tuesday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $82.18. The firm has a market cap of $14.45 billion, a P/E ratio of 17.84, a price-to-earnings-growth ratio of 2.80 and a beta of 1.28. The company has a debt-to-equity ratio of 17.53, a current ratio of 1.88 and a quick ratio of 1.20. The stock’s 50-day moving average is $63.63 and its two-hundred day moving average is $67.49.

Masco (NYSE:MAS – Get Free Report) 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 the consensus estimate of $1.94 billion. During the same period last year, the company earned $1.08 earnings per share. Masco’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. On average, analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Announces Dividend

The company 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 was Friday, November 7th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s payout ratio is currently 31.79%.

Masco Company Profile

(Free Report)

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.

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