Andra AP fonden Acquires 54,400 Shares of Masco Corporation $MAS

Andra AP fonden boosted its holdings in Masco Corporation (NYSE:MAS) by 20.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323,100 shares of the construction company’s stock after acquiring an additional 54,400 shares during the quarter. Andra AP fonden owned 0.16% of Masco worth $22,743,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Rossby Financial LCC raised its stake in shares of Masco by 134.2% in the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after purchasing an additional 212 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in Masco during the second quarter worth $28,000. Headlands Technologies LLC raised its position in Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. Caldwell Trust Co bought a new position in Masco during the 2nd quarter valued at $37,000. Finally, CYBER HORNET ETFs LLC bought a new position in Masco during the 2nd quarter valued at $37,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 747 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the transaction, the chief accounting officer directly owned 12,510 shares in the company, valued at $899,719.20. The trade was a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.50% of the stock is owned by company insiders.

Masco Stock Performance

Shares of MAS opened at $71.58 on Friday. Masco Corporation has a 52-week low of $56.55 and a 52-week high of $79.19. The stock’s 50-day simple moving average is $69.58 and its 200 day simple moving average is $68.59. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. The stock has a market capitalization of $14.57 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 2.06 and a beta of 1.28.

Masco (NYSE:MAS) last announced its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The firm had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business posted $0.89 earnings per share. 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. Research analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco declared that its board has approved a stock buyback program on Tuesday, February 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the construction company to purchase up to 13.5% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 20th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, February 20th. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s payout ratio is 33.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on MAS shares. Evercore set a $78.00 target price on shares of Masco in a report on Wednesday, February 11th. BMO Capital Markets reissued a “market perform” rating and set a $77.00 target price on shares of Masco in a research report on Thursday, February 12th. Argus cut their target price on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Zelman & Associates downgraded Masco to a “hold” rating in a research report on Wednesday, February 11th. Finally, Oppenheimer reiterated an “outperform” rating and set a $88.00 price target 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 given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.94.

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.