Masco Corporation $MAS Stock Acquired by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Masco stake by 354.9% in the third quarter, bringing its holdings to 359,590 shares valued at approximately $24.2 million. Institutional investors and hedge funds collectively own 93.91% of MAS.
• Analyst sentiment is mixed, with seven Buy ratings, twelve Hold ratings and one Sell rating. Masco has a consensus Hold rating and an average price target of $79.12, compared with a recent share price of $72.85.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus estimate, though revenue declined 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% annualized yield.

Assenagon Asset Management S.A. lifted its stake in shares of Masco Corporation (NYSE:MAS - Free Report) by 354.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 359,590 shares of the construction company's stock after purchasing an additional 280,548 shares during the quarter. Assenagon Asset Management S.A. owned about 0.18% of Masco worth $24,236,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Nykredit A S acquired a new stake in Masco in the 2nd quarter valued at about $2,456,000. Hsbc Holdings PLC grew its position in shares of Masco by 7.2% in the second quarter. Hsbc Holdings PLC now owns 369,842 shares of the construction company's stock valued at $30,116,000 after purchasing an additional 24,934 shares during the last quarter. Boston Trust Walden Corp grew its position in shares of Masco by 37.7% in the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company's stock valued at $43,080,000 after purchasing an additional 195,509 shares during the last quarter. Balefire LLC acquired a new stake in shares of Masco in the first quarter valued at approximately $1,021,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Masco during the 2nd quarter worth approximately $13,269,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAS. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Melius Research assumed coverage on Masco in a report on Tuesday, October 6th. They set a "hold" rating and a $75.00 target price on the stock. Truist Financial dropped their price target on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. DA Davidson initiated coverage on Masco in a report on Monday, August 24th. They issued a "neutral" rating and a $80.00 price target for the company. Finally, Citigroup cut their price target on Masco from $79.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Masco has a consensus rating of "Hold" and an average price target of $79.12.

Masco Stock Performance

NYSE MAS opened at $72.85 on Monday. The business's 50-day moving average price is $70.83 and its 200 day moving average price is $71.61. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The company has a market capitalization of $14.36 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%. The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the business earned $1.30 EPS. The firm's revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts predict 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. Shareholders of record on Monday, August 24th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco's payout ratio is 29.43%.

About Masco

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company's portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.

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