Masco Corporation $MAS Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP Paribas Asset Management reduced its holdings in Masco Corporation by 31.7%, now owning approximately 0.15% of the company valued at $22.39 million.
• Several major investors like Vanguard Group and Invesco have increased their stakes in Masco, with Vanguard owning over $1.88 billion worth of shares after a 3.8% increase.
• After beating earnings expectations with a reported EPS of $1.30, Masco announced a quarterly dividend of $0.31, reflecting a dividend yield of 1.7% and a payout ratio of 32.89%.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lessened its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 31.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 321,993 shares of the construction company's stock after selling 149,505 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.15% of Masco worth $22,391,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Masco by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 27,092,099 shares of the construction company's stock worth $1,883,985,000 after purchasing an additional 984,403 shares during the period. Invesco Ltd. boosted its holdings in Masco by 47.4% during the first quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company's stock worth $289,253,000 after buying an additional 1,337,889 shares in the last quarter. Northern Trust Corp grew its position in Masco by 9.5% during the fourth quarter. Northern Trust Corp now owns 3,900,643 shares of the construction company's stock worth $283,070,000 after buying an additional 337,164 shares during the period. JPMorgan Chase & Co. increased its holdings in Masco by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 3,882,253 shares of the construction company's stock valued at $269,972,000 after buying an additional 155,351 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Masco by 12.4% in the fourth quarter. Deutsche Bank AG now owns 2,762,250 shares of the construction company's stock valued at $200,456,000 after buying an additional 305,156 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MAS shares. Evercore ISI decreased their price target on Masco from $82.00 to $71.00 and set an "in-line" rating on the stock in a research note on Thursday, April 24th. Baird R W downgraded Masco from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 22nd. Truist Financial dropped their price target on Masco from $92.00 to $75.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on Masco from $65.00 to $74.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Masco from $82.00 to $73.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Twelve analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $74.13.

Masco Stock Down 0.1%

MAS stock opened at $73.52 on Monday. The company has a 50 day moving average price of $66.29 and a two-hundred day moving average price of $67.36. The company has a debt-to-equity ratio of 19.63, a quick ratio of 1.14 and a current ratio of 1.82. The stock has a market capitalization of $15.39 billion, a P/E ratio of 19.50, a PEG ratio of 2.68 and a beta of 1.16. Masco Corporation has a one year low of $56.55 and a one year high of $86.70.

Masco (NYSE:MAS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.22. Masco had a return on equity of 1,519.31% and a net margin of 10.51%. The business had revenue of $2.05 billion during the quarter, compared to the consensus estimate of $2 billion. During the same quarter in the previous year, the business earned $1.20 earnings per share. The business's revenue for the quarter was down 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Investors of record on Friday, August 8th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is currently 32.89%.

Masco Profile

Masco Corporation designs, manufactures, and distributes home improvement and building products in North America, Europe, and internationally. The company's Plumbing Products segment offers faucets, showerheads, handheld showers, valves, bath hardware and accessories, bathing units, shower bases and enclosures, sinks, toilets, acrylic tubs, shower trays, spas, exercise pools, and fitness systems; brass, copper, and composite plumbing system components; connected water products; thermoplastic solutions, extruded plastic profiles, specialized fabrications, and PEX tubing products; and other non-decorative plumbing products.

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