Northwestern Mutual Wealth Management Co. Boosts Holdings in Masco Corporation $MAS

Northwestern Mutual Wealth Management Co. raised its position in Masco Corporation (NYSE:MAS) by 4,851.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 470,545 shares of the construction company’s stock after acquiring an additional 461,041 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.24% of Masco worth $38,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. BlackRock Inc. purchased a new stake in shares of Masco during the 2nd quarter valued at $1,278,943,000. State Street Corp grew its stake in Masco by 0.6% during the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock worth $649,545,000 after buying an additional 60,430 shares during the last quarter. JPMorgan Chase & Co. grew its stake 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 buying an additional 977,684 shares during the last quarter. Boston Partners increased its position in Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after buying an additional 58,609 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Masco by 76.1% in the fourth quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after buying an additional 2,085,454 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MAS has been the subject of several recent analyst reports. UBS Group lowered their price target on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Barclays decreased 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 report on Thursday, July 30th. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Evercore downgraded shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price on the stock. in a research report on Thursday, July 30th. Finally, 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 research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $79.88.

Masco Trading Down 2.7%

Shares of NYSE:MAS opened at $70.24 on Wednesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 16.15, a PEG ratio of 1.83 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 business has a 50-day moving average price of $76.61 and a 200-day moving average price of $71.02.

Masco (NYSE:MAS) last issued 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 firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the firm earned $1.30 earnings per share. Masco’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. Equities analysts predict that Masco Corporation will post 4.52 EPS for the current year.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio is 29.43%.

Masco declared that its board has initiated a share repurchase plan on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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.