Masco Corporation $MAS Shares Bought by Cresset Asset Management LLC

Cresset Asset Management LLC boosted its position in shares of Masco Corporation (NYSE:MAS) by 30.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,294 shares of the construction company’s stock after buying an additional 16,612 shares during the period. Cresset Asset Management LLC’s holdings in Masco were worth $5,018,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Masco by 6.6% during the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock worth $1,858,252,000 after purchasing an additional 1,780,673 shares in the last quarter. Boston Partners lifted its holdings in Masco by 16.3% in the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Geode Capital Management LLC boosted its stake in Masco by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock worth $339,391,000 after purchasing an additional 60,672 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Masco by 32.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock worth $357,976,000 after purchasing an additional 1,240,322 shares during the last quarter. Finally, Holocene Advisors LP grew its holdings in shares of Masco by 48.6% during the second quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after buying an additional 1,635,746 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Price Performance

NYSE:MAS opened at $63.66 on Friday. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $79.19. The stock’s fifty day moving average is $69.84 and its two-hundred day moving average is $68.38. The company has a market capitalization of $12.96 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.85 and a beta of 1.27. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75.

Masco (NYSE:MAS) last released its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts expect that Masco Corporation will post 4.34 EPS for the current year.

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

Masco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 20th will be paid a $0.32 dividend. This is a positive change from Masco’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. Masco’s payout ratio is presently 33.25%.

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 747 shares of the stock in a transaction that occurred 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 owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MAS. BMO Capital Markets reissued a “market perform” rating and issued a $77.00 price target on shares of Masco in a research note on Thursday, February 12th. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Robert W. Baird set a $82.00 price objective on shares of Masco in a report on Wednesday, February 11th. Citigroup raised their target price on shares of Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a research note on Thursday, February 12th. Finally, Oppenheimer restated an “outperform” rating and set a $88.00 target price on shares of Masco in a report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $76.94.

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.