Boston Trust Walden Corp grew its position in Masco Corporation (NYSE:MAS – Free Report) by 37.7% in the first quarter, HoldingsChannel.com reports. The fund owned 713,598 shares of the construction company’s stock after buying an additional 195,509 shares during the period. Boston Trust Walden Corp’s holdings in Masco were worth $43,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of MAS. Bard Associates Inc. acquired a new stake in Masco in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in Masco during the third quarter worth approximately $26,000. Bogart Wealth LLC increased its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares during the last quarter. Community Bank N.A. bought a new stake in Masco in the third quarter valued at approximately $34,000. Finally, Headlands Technologies LLC raised its stake in Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Truist Financial lifted their target price on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Barclays raised their target price on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Citigroup reduced their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. The Goldman Sachs Group upped their price target on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Masco currently has a consensus rating of “Hold” and an average price target of $80.07.
Masco Stock Performance
NYSE MAS opened at $82.80 on Friday. The firm has a 50-day moving average price of $72.19 and a two-hundred day moving average price of $68.48. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.21. The company has a market capitalization of $16.70 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07.
Masco (NYSE:MAS – Get Free Report) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping the consensus estimate 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 net margin of 10.90% and a return on equity of 815.20%. The business’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current year.
Masco Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is 31.76%.
Masco announced that its board has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.
Masco Profile
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.
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