Wedge Capital Management L L P NC Raises Position in Masco Corporation $MAS

Wedge Capital Management L L P NC boosted its holdings in Masco Corporation (NYSE:MAS) by 6.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 185,274 shares of the construction company’s stock after purchasing an additional 11,782 shares during the period. Wedge Capital Management L L P NC’s holdings in Masco were worth $15,076,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MAS. Norges Bank bought a new position in shares of Masco during the fourth quarter valued at about $194,818,000. Wellington Management Group LLP bought a new stake in shares of Masco in the 3rd quarter valued at about $192,948,000. Jacobs Levy Equity Management Inc. boosted its holdings in Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock valued at $164,046,000 after acquiring an additional 1,901,815 shares during the period. Barclays PLC grew its position in Masco by 234.5% during the 4th quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after acquiring an additional 1,139,098 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after acquiring an additional 977,684 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Barclays lowered their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Robert W. Baird increased their price target on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Citigroup cut their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $79.87.

Masco Price Performance

Shares of MAS stock opened at $76.10 on Wednesday. The firm has a market cap of $15.01 billion, a P/E ratio of 17.49, a P/E/G ratio of 1.89 and a beta of 1.30. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The business’s 50 day moving average price is $76.33 and its 200-day moving average price is $70.66. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company earned $1.30 earnings per share. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current year.

Masco announced that its board has approved a stock buyback program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management 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.