Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Masco Corporation (NYSE:MAS – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 22,240 shares of the construction company’s stock, valued at approximately $1,411,000.
A number of other large investors also recently bought and sold shares of MAS. Rossby Financial LCC raised its stake in Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after purchasing an additional 212 shares during the period. Sunbelt Securities Inc. purchased a new position in Masco during the third quarter worth approximately $26,000. Bogart Wealth LLC raised its stake 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 purchasing an additional 408 shares during the period. Community Bank N.A. purchased a new position in Masco during the third quarter worth approximately $34,000. Finally, Headlands Technologies LLC raised its stake in shares of Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the stock. Citigroup cut their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Robert W. Baird raised their target price on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Bank of America cut their target price on shares of Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group raised their target price 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. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Masco has an average rating of “Hold” and a consensus target price of $80.07.
Insiders Place Their Bets
In related news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the sale, the chief accounting officer directly owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.
Masco Price Performance
MAS opened at $67.28 on Friday. The company has a fifty day simple moving average of $65.22 and a 200 day simple moving average of $66.21. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.66 and a beta of 1.34. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $79.19. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07.
Masco (NYSE:MAS – Get Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.16. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.87 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts expect that Masco Corporation will post 4.25 EPS for the current fiscal year.
Masco Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 22nd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, May 22nd. Masco’s dividend payout ratio (DPR) is presently 31.76%.
Masco announced that its board has authorized a share buyback plan on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are 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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