AXQ Capital LP Buys Shares of 16,659 Masco Corporation $MAS

AXQ Capital LP bought a new stake in shares of Masco Corporation (NYSE:MASFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 16,659 shares of the construction company’s stock, valued at approximately $1,057,000.

Several other institutional investors have also added to or reduced their stakes in MAS. Focus Partners Wealth boosted its stake in Masco by 2.6% during the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the last quarter. CW Advisors LLC purchased a new stake in Masco during the 2nd quarter valued at $238,000. Bank of Nova Scotia boosted its stake in shares of Masco by 14.8% in the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after buying an additional 3,294 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Masco in the 2nd quarter worth $415,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after buying an additional 1,413 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Price Performance

Shares of Masco stock opened at $68.98 on Wednesday. Masco Corporation has a one year low of $58.16 and a one year high of $79.19. The stock’s fifty day moving average is $66.23 and its 200 day moving average is $66.52. The stock has a market cap of $13.92 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.70 and a beta of 1.31. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75.

Masco (NYSE:MASGet Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.Masco’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Sell-side analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Masco’s dividend payout ratio (DPR) is currently 31.76%.

Masco announced that its board has approved a share buyback plan on Tuesday, February 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the construction company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MAS shares. Bank of America dropped their price target on Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Citigroup dropped their price target on Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Oppenheimer restated an “outperform” rating and issued a $88.00 price target on shares of Masco in a research note on Wednesday, February 11th. Finally, Robert W. Baird raised their price target on Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $80.07.

Check Out Our Latest Stock Report on Masco

About Masco

(Free Report)

Masco Corporation is a global leader in the design, manufacture and distribution of branded home improvement and building products. Founded in 1929 and headquartered in Livonia, Michigan, the company has evolved from a small door‐bell manufacturer into a diversified enterprise serving both residential and commercial markets. Over its history, Masco has grown through a combination of organic innovation and strategic acquisitions, building a portfolio of well-recognized brands.

The company’s product offerings are organized into two primary segments.

Further Reading

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MASFree Report).

Institutional Ownership by Quarter for Masco (NYSE:MAS)

Receive News & Ratings for Masco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Masco and related companies with MarketBeat.com's FREE daily email newsletter.