Sequoia Financial Advisors LLC Grows Position in Masco Corporation $MAS

Sequoia Financial Advisors LLC grew its holdings in shares of Masco Corporation (NYSE:MAS) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 111,961 shares of the construction company’s stock after acquiring an additional 13,796 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Masco were worth $9,110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of MAS. Bard Associates Inc. bought a new position in shares of Masco in the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. purchased a new position in Masco in the 3rd quarter worth approximately $26,000. Bell Investment Advisors Inc bought a new position in shares of Masco in the 2nd quarter worth $32,000. Headlands Technologies LLC increased its holdings in shares of Masco by 114.5% in the 2nd 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. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Masco during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MAS shares. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company raised their price target on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Truist Financial reduced their target price on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Barclays reduced their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Citigroup decreased their price objective on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $79.88.

Masco Price Performance

NYSE MAS opened at $67.62 on Friday. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.64. The firm has a market capitalization of $13.33 billion, a P/E ratio of 15.54, a PEG ratio of 1.69 and a beta of 1.30. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The company has a 50-day moving average price of $75.25 and a 200-day moving average price of $70.76.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the firm earned $1.30 EPS. The business’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. Masco’s dividend payout ratio is presently 29.43%.

About Masco

Masco Corporation (NYSE:MAS) is a manufacturer of branded home improvement and building products. The company operates primarily through two business segments: Plumbing Products and Decorative Architectural Products, serving professional contractors, distributors, retailers and consumers.

Masco’s plumbing portfolio includes faucets, showers, bathtubs, showering systems and related products marketed under brands such as Delta, Brizo, Peerless and hansgrohe. Its decorative architectural products include interior and exterior paints, lighting, cabinetry hardware and other home-decorating products sold through brands including Behr, Kilz, Kichler and Liberty.

Founded in 1929 by Alex Manoogian, Masco has expanded from its original manufacturing operations into a global home products company.