Masco Corporation $MAS Shares Purchased by Citigroup Inc.

Citigroup Inc. grew its holdings in shares of Masco Corporation (NYSE:MAS) by 162.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 679,805 shares of the construction company’s stock after acquiring an additional 420,879 shares during the quarter. Citigroup Inc. owned about 0.33% of Masco worth $47,851,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Rossby Financial LCC increased its stake in Masco by 134.2% during the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after buying an additional 212 shares during the period. Tredje AP fonden boosted its holdings in shares of Masco by 14.8% in the third quarter. Tredje AP fonden now owns 25,290 shares of the construction company’s stock valued at $1,780,000 after acquiring an additional 3,252 shares in the last quarter. Stevens Capital Management LP acquired a new position in shares of Masco during the third quarter valued at approximately $570,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in Masco during the third quarter worth approximately $260,000. Finally, MJP Associates Inc. ADV lifted its position in Masco by 4.6% in the third quarter. MJP Associates Inc. ADV now owns 5,275 shares of the construction company’s stock worth $371,000 after purchasing an additional 230 shares during the period. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MAS. UBS Group lowered their price target on Masco from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, October 30th. BMO Capital Markets reissued a “market perform” rating and issued a $77.00 price target on shares of Masco in a report on Thursday, February 12th. Citigroup raised their price objective on shares of Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Zelman & Associates downgraded shares of Masco to a “hold” rating in a report on Wednesday, February 11th. Finally, Evercore set a $78.00 target price on shares of Masco in a report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and an average target price of $76.94.

Masco Stock Performance

Masco stock opened at $73.80 on Wednesday. Masco Corporation has a fifty-two week low of $56.55 and a fifty-two week high of $79.19. The firm’s 50 day simple moving average is $69.15 and its 200-day simple moving average is $68.52. The company has a debt-to-equity ratio of 38.75, a current ratio of 1.81 and a quick ratio of 1.14. The company has a market cap of $15.03 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 2.10 and a beta of 1.28.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Masco had a net margin of 10.71% and a return on equity of 856.70%. The firm had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities research analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 20th will be issued a $0.32 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is currently 33.25%.

Masco declared that its board has authorized a stock buyback plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its shares are 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.