Masco Corporation (NYSE:MAS – Get Free Report)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $81.82 and last traded at $81.3090, with a volume of 2626939 shares changing hands. The stock had previously closed at $80.50.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MAS. Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Citigroup lowered their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note 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 report on Thursday, April 23rd. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. upped their target price on Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $80.07.
Get Our Latest Report on Masco
Masco Stock Performance
Masco (NYSE:MAS – Get Free Report) last posted its quarterly 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. Masco had a net margin of 10.90% and a return on equity of 815.20%. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period last year, the company posted $0.87 earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities analysts anticipate that Masco Corporation will post 4.25 EPS for the current year.
Masco Announces Dividend
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 was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Masco’s dividend payout ratio (DPR) is currently 31.76%.
Masco announced that its Board of Directors has approved a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Redwood Investment Management LLC acquired a new stake in Masco in the first quarter valued at approximately $1,054,000. NewEdge Advisors LLC lifted its holdings in shares of Masco by 7.5% in the 1st quarter. NewEdge Advisors LLC now owns 17,616 shares of the construction company’s stock worth $1,064,000 after purchasing an additional 1,236 shares in the last quarter. Summitry LLC bought a new position in shares of Masco in the 1st quarter worth $207,000. Wellington Grp LLC grew its position in Masco by 51.7% in the 1st quarter. Wellington Grp LLC now owns 2,033 shares of the construction company’s stock valued at $123,000 after purchasing an additional 693 shares during the period. Finally, Kentucky Retirement Systems grew its position in Masco by 122.5% in the 1st quarter. Kentucky Retirement Systems now owns 29,473 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 16,226 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.
About Masco
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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