Foster & Motley Inc. Takes Position in Masco Corporation $MAS

Foster & Motley Inc. bought a new stake in Masco Corporation (NYSE:MAS) in the second quarter, HoldingsChannel.com reports. The institutional investor bought 28,288 shares of the construction company’s stock, valued at approximately $2,302,000.

Several other institutional investors also recently bought and sold shares of MAS. BlackRock Inc. bought a new stake in Masco in the second quarter valued at approximately $1,278,943,000. Norges Bank bought a new position in shares of Masco in the fourth quarter worth approximately $194,818,000. Wellington Management Group LLP purchased a new position in shares of Masco in the third quarter worth $192,948,000. Bank of New York Mellon Corp purchased a new position in shares of Masco in the second quarter worth $156,668,000. Finally, Jacobs Levy Equity Management Inc. raised 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 buying an additional 1,901,815 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MAS shares. JPMorgan Chase & Co. raised their price target on shares of Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a report on Friday, April 24th. Barclays lowered their price objective on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Royal Bank Of Canada boosted their price target on Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. Finally, Evercore cut Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $79.87.

Masco Stock Down 0.7%

Shares of NYSE MAS opened at $73.39 on Wednesday. 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 Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The firm has a market capitalization of $14.47 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. The firm has a fifty day simple moving average of $76.74 and a two-hundred day simple moving average of $70.87.

Masco (NYSE:MAS) last announced its earnings results 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 net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The company’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. Equities analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s payout ratio is presently 29.43%.

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.