Sei Investments Co. boosted its position in shares of Masco Corporation (NYSE:MAS – Free Report) by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,326 shares of the construction company’s stock after buying an additional 53,864 shares during the period. Sei Investments Co.’s holdings in Masco were worth $20,968,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Lido Advisors LLC raised its holdings in shares of Masco by 3.1% during the 1st quarter. Lido Advisors LLC now owns 31,906 shares of the construction company’s stock worth $1,926,000 after acquiring an additional 973 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Masco by 10.0% in the first quarter. First Trust Advisors LP now owns 1,242,163 shares of the construction company’s stock valued at $74,989,000 after purchasing an additional 113,317 shares in the last quarter. ABN Amro Investment Solutions increased its position in Masco by 37.0% in the first quarter. ABN Amro Investment Solutions now owns 18,103 shares of the construction company’s stock worth $1,093,000 after purchasing an additional 4,892 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Masco by 17.2% in the first quarter. PNC Financial Services Group Inc. now owns 115,124 shares of the construction company’s stock worth $6,950,000 after purchasing an additional 16,875 shares during the last quarter. Finally, Oslo Pensjonsforsikring AS purchased a new stake in Masco during the first quarter valued at $140,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Evercore upgraded shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a report on Monday, April 13th. Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Bank of America lowered their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, BMO Capital Markets dropped their price target on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus target price of $80.67.
Masco Stock Up 0.8%
Shares of MAS opened at $81.83 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The business has a fifty day moving average of $75.07 and a 200 day moving average of $70.29. The company has a market cap of $16.51 billion, a PE ratio of 20.31, a P/E/G ratio of 2.00 and a beta of 1.29. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64.
Masco Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Masco’s dividend payout ratio is currently 31.76%.
Masco declared that its board has approved a share repurchase program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.
Masco Company 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.
Read More
- Five stocks we like better than Masco
- These 3 Stocks Have Soared in 2026—Can They Keep Climbing?
- Hasbro’s Earnings Beat Shows Why This Is No Longer Just a Toy Story
- Rambus: Another AI Phoenix Ready to Rise From the Ashes of Correction
- Chips & Clips: Memory Tariffs Rewire Tech Supply Chains
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:MAS – Free Report).
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.
