Masco Corporation $MAS Shares Sold by Voya Investment Management LLC

by · The Cerbat Gem

Voya Investment Management LLC lessened its stake in Masco Corporation (NYSE:MAS – Free Report) by 22.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 49,816 shares of the construction company’s stock after selling 14,042 shares during the quarter. Voya Investment Management LLC’s holdings in Masco were worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp lifted its stake in shares of Masco by 27.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 32,938 shares of the construction company’s stock valued at $2,291,000 after purchasing an additional 7,162 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its holdings in Masco by 6.9% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 74,938 shares of the construction company’s stock valued at $5,211,000 after buying an additional 4,862 shares in the last quarter. Vident Advisory LLC raised its position in shares of Masco by 175.8% in the first quarter. Vident Advisory LLC now owns 8,374 shares of the construction company’s stock worth $582,000 after acquiring an additional 5,338 shares during the period. Royal Bank of Canada boosted its stake in shares of Masco by 10.0% during the 1st quarter. Royal Bank of Canada now owns 789,411 shares of the construction company’s stock worth $54,895,000 after acquiring an additional 71,504 shares in the last quarter. Finally, Amundi boosted its stake in shares of Masco by 13.7% during the 1st quarter. Amundi now owns 2,132,663 shares of the construction company’s stock worth $145,254,000 after acquiring an additional 257,572 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Royal Bank Of Canada reduced their price target on Masco from $71.00 to $69.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. Vertical Research initiated coverage on Masco in a research report on Monday, October 20th. They issued a “hold” rating for the company. Argus decreased their target price on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. UBS Group cut their price target on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, October 30th. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, Masco currently has an average rating of “Hold” and an average price target of $73.53.

Get Our Latest Stock Analysis on Masco

Masco Stock Down 0.0%

NYSE MAS opened at $64.73 on Friday. The business has a fifty day moving average price of $64.03 and a 200 day moving average price of $67.21. 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 company has a market cap of $13.44 billion, a P/E ratio of 16.60, a P/E/G ratio of 2.80 and a beta of 1.27. Masco Corporation has a one year low of $56.55 and a one year high of $82.18.

Masco (NYSE:MAS – Get Free Report) last released its 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 for the quarter, compared to analysts’ expectations of $1.94 billion. Masco had a return on equity of 1,317.38% and a net margin of 10.89%.Masco’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.08 EPS. Masco has set its FY 2025 guidance at 3.900-3.95 EPS. Research analysts anticipate that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 24th. Investors of record on Friday, November 7th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, November 7th. Masco’s dividend payout ratio is currently 31.79%.

Masco 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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