Legal & General Group Plc acquired a new stake in shares of Masco Corporation (NYSE:MAS – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 730,589 shares of the construction company’s stock, valued at approximately $59,448,000. Legal & General Group Plc owned about 0.37% of Masco as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of MAS. Bard Associates Inc. bought a new stake in shares of Masco during the 4th quarter valued at about $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Masco during the 3rd quarter valued at about $26,000. Bogart Wealth LLC lifted its stake in shares of Masco by 2,550.0% in the 4th 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. Bell Investment Advisors Inc bought a new position in shares of Masco in the 2nd quarter worth approximately $32,000. Finally, Headlands Technologies LLC boosted its holdings in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on MAS. DA Davidson assumed coverage on shares of Masco in a research report on Monday. They set a “neutral” rating and a $80.00 target price for the company. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Citigroup cut their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. UBS Group reduced their price objective on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Wells Fargo & Company raised their target price on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average target price of $79.88.
Masco Trading Up 0.7%
Shares of NYSE:MAS opened at $73.28 on Friday. The stock has a 50 day moving average of $76.70 and a 200 day moving average of $71.11. The company has a market cap of $14.45 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.
Masco (NYSE:MAS – Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter last year, the business earned $1.30 EPS. The firm’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.52 EPS for the current year.
Masco Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 24th. Masco’s dividend payout ratio (DPR) is presently 29.43%.
Masco declared that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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.
Featured Stories
- Five stocks we like better than Masco
- 3 Financial Stocks Positioned for the Fed’s Next Move After Jackson Hole
- IREN’s AI Pivot Looks Real, But the Market Wanted a Faster Payoff After Earnings
- Boeing’s $131B F-15 Win: Mach 1 Momentum or Just Altitude?
- Okta Stock Surges 29%—Is $200 the Next Stop?
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.
