The Masco Corporation (MAS) experienced a number of fluctuations in Q3 of 2024. The gross margins saw significant growth with a rise of 90 basis points. The results had mixed results with their EPS missing estimates by 30%; however, their net sales and dividend remained steady. The company was downgraded by RBC Capital due to valuation purposes. MAS's stock outperformed its competitors, notwithstanding losses on the day. The price target saw a minor raise from $92 to $93 by Barclays, while Robert W Baird lowered it to $94. The State of Alaska Department of Revenue also pulled back, selling some shares. Despite some challenges, Forsta AP Fonden trimmed their holdings and the corporation continued to deliver steady sales. Q3 earnings were communicated, hinting at strong margins despite market difficulties.
Masco Corporation MAS News Analytics from Mon, 12 Feb 2024 14:47:27 GMT to Sat, 02 Nov 2024 14:30:55 GMT - Rating 2 - Innovation -1 - Information 6 - Rumor -4
