Oppenheimer Asset Management Inc. Invests $13.27 Million in Masco Corporation $MAS

Oppenheimer Asset Management Inc. acquired a new stake in Masco Corporation (NYSE:MAS) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 163,069 shares of the construction company’s stock, valued at approximately $13,269,000.

Other institutional investors have also modified their holdings of the company. Bard Associates Inc. acquired a new stake in Masco during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in Masco during the third quarter valued at approximately $26,000. Bogart Wealth LLC lifted its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after buying an additional 408 shares in the last quarter. Headlands Technologies LLC grew its stake in Masco by 114.5% during 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 period. Finally, CYBER HORNET ETFs LLC purchased a new stake in Masco during the second quarter worth approximately $37,000. 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 MAS shares. Zacks Research raised shares of Masco from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Truist Financial decreased their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Citigroup lowered their price target on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a research report on Thursday, July 30th. Finally, Barclays reduced their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued 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 an average rating of “Hold” and an average target price of $79.87.

Masco Stock Performance

Shares of MAS stock opened at $74.27 on Friday. The firm has a market capitalization of $14.65 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.89 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 debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The company’s fifty day moving average price is $76.62 and its two-hundred day moving average price is $70.76.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the business earned $1.30 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be 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 of this dividend is Monday, August 24th. Masco’s dividend payout ratio is currently 29.43%.

Masco declared that its board has approved a share repurchase program on Thursday, May 7th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its stock is 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.