Masco Corporation $MAS Shares Bought by Vontobel Holding Ltd.

Key Points

• Vontobel Holding increased its Masco stake by 21.8% in the third quarter, owning 112,336 shares valued at approximately $7.6 million. Institutional investors collectively own 93.91% of the company.
• Analyst sentiment remains mixed, with six Buy, thirteen Hold, and one Sell rating. Masco’s consensus rating is Hold, with an average price target of $79.12 versus a recent share price of $72.85.
• Masco exceeded quarterly earnings expectations, reporting $1.64 in EPS versus the $1.32 consensus, although revenue fell 2.9% year over year to $1.99 billion. The company also maintains a quarterly dividend of $0.32 per share, representing a 1.8% annual yield.

Vontobel Holding Ltd. raised its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 21.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,336 shares of the construction company's stock after buying an additional 20,099 shares during the quarter. Vontobel Holding Ltd. owned about 0.06% of Masco worth $7,571,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Masco in the second quarter worth about $1,278,943,000. Bank of America Corp DE purchased a new stake in shares of Masco during the second quarter valued at approximately $178,424,000. Bank of New York Mellon Corp purchased a new stake in shares of Masco during the second quarter valued at approximately $156,668,000. Deutsche Bank AG purchased a new stake in shares of Masco during the second quarter valued at approximately $149,673,000. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Masco by 828.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,071,592 shares of the construction company's stock valued at $64,692,000 after acquiring an additional 956,204 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAS. Wells Fargo & Company decreased their price objective on shares of Masco from $87.00 to $82.00 and set an "overweight" rating for the company in a report on Friday, September 11th. Citigroup lowered their price objective on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. UBS Group cut their target price on Masco from $97.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Zacks Research lowered Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Finally, Truist Financial reduced their target price on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Six analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Masco has an average rating of "Hold" and a consensus price target of $79.12.

Masco Trading Up 0.4%

Shares of MAS stock opened at $72.85 on Friday. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The firm's 50 day moving average is $70.83 and its 200 day moving average is $71.52. The stock has a market capitalization of $14.36 billion, a P/E ratio of 16.75, a P/E/G ratio of 1.84 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last posted 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 during 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 firm's revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, August 24th. Masco's dividend payout ratio (DPR) is 29.43%.

About Masco

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.