Banco Bilbao Vizcaya Argentaria S.A. Has $3.42 Million Position in Masco Corporation $MAS

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of Masco Corporation (NYSE:MAS) by 3.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 49,223 shares of the construction company’s stock after acquiring an additional 1,692 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Masco were worth $3,423,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAS. Nuveen LLC acquired a new position in shares of Masco during the 1st quarter valued at $126,057,000. Wealthquest Corp acquired a new position in shares of Masco during the 1st quarter valued at $111,722,000. Invesco Ltd. lifted its position in shares of Masco by 47.4% during the 1st quarter. Invesco Ltd. now owns 4,159,518 shares of the construction company’s stock valued at $289,253,000 after acquiring an additional 1,337,889 shares during the period. Vanguard Group Inc. lifted its position 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 valued at $1,883,985,000 after acquiring an additional 984,403 shares during the period. Finally, Pacer Advisors Inc. lifted its position in shares of Masco by 3,597.0% during the 1st quarter. Pacer Advisors Inc. now owns 959,490 shares of the construction company’s stock valued at $66,723,000 after acquiring an additional 933,537 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

NYSE MAS opened at $73.0240 on Thursday. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $86.70. The company has a debt-to-equity ratio of 19.63, a current ratio of 1.82 and a quick ratio of 1.14. The firm has a market cap of $15.29 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 2.71 and a beta of 1.16. The company has a fifty day moving average price of $66.85 and a 200-day moving average price of $67.41.

Masco (NYSE:MAS) last posted its earnings results on Thursday, July 31st. The construction company reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.22. Masco had a net margin of 10.51% and a return on equity of 1,519.31%. The firm had revenue of $2.05 billion during the quarter, compared to analyst estimates of $2 billion. During the same quarter in the prior year, the business posted $1.20 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2025 guidance at 3.900-4.100 EPS. As a group, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, August 25th. Stockholders of record on Friday, August 8th will be paid a $0.31 dividend. The ex-dividend date is Friday, August 8th. This represents a $1.24 annualized dividend and a dividend yield of 1.7%. Masco’s dividend payout ratio is presently 32.89%.

Analysts Set New Price Targets

A number of brokerages have commented on MAS. JPMorgan Chase & Co. boosted their price target on shares of Masco from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Barclays boosted their price target on shares of Masco from $77.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Robert W. Baird lowered shares of Masco from an “outperform” rating to a “neutral” rating and set a $70.00 price target for the company. in a research note on Tuesday, July 22nd. Royal Bank Of Canada boosted their price target on shares of Masco from $62.00 to $71.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Masco from $82.00 to $73.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.13.

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.