140 Summer Partners LP Makes New $47.07 Million Investment in Masco Corporation $MAS

140 Summer Partners LP acquired a new stake in Masco Corporation (NYSE:MAS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 668,746 shares of the construction company’s stock, valued at approximately $47,073,000. Masco makes up about 4.1% of 140 Summer Partners LP’s holdings, making the stock its 16th largest holding. 140 Summer Partners LP owned about 0.32% of Masco as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Gateway Investment Advisers LLC boosted its stake in Masco by 0.3% during the 3rd quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock valued at $3,114,000 after purchasing an additional 143 shares during the last quarter. Pallas Capital Advisors LLC lifted its holdings in shares of Masco by 1.4% in the third quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock valued at $854,000 after purchasing an additional 162 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of Masco by 21.6% in the third quarter. Clearstead Advisors LLC now owns 947 shares of the construction company’s stock valued at $67,000 after purchasing an additional 168 shares in the last quarter. Concurrent Investment Advisors LLC boosted its position in shares of Masco by 3.3% during the third quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock valued at $372,000 after buying an additional 171 shares during the last quarter. Finally, Nelson Capital Management LLC grew its holdings in shares of Masco by 0.4% in the third quarter. Nelson Capital Management LLC now owns 38,516 shares of the construction company’s stock valued at $2,711,000 after acquiring an additional 171 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MAS has been the subject of several research analyst reports. Evercore set a $78.00 price target on shares of Masco in a research note on Wednesday, February 11th. Wells Fargo & Company boosted their price objective on shares of Masco from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Oppenheimer reaffirmed an “outperform” rating and issued a $88.00 price target on shares of Masco in a report on Wednesday, February 11th. Weiss Ratings downgraded shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Finally, Royal Bank Of Canada increased their target price on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $76.94.

Masco Stock Performance

Shares of MAS opened at $61.51 on Friday. The business’s 50 day moving average price is $69.68 and its 200-day moving average price is $67.93. The stock has a market cap of $12.52 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.75 and a beta of 1.27. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $79.19. 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 earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Friday, February 20th were paid a $0.32 dividend. This is a boost from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Friday, February 20th. Masco’s payout ratio is currently 33.25%.

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

Insider Activity at Masco

In related news, CAO Heath M. Eisman sold 747 shares of the firm’s 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 sale, the chief accounting officer owned 12,510 shares of the company’s stock, valued at $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.50% of the stock is currently owned by insiders.

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.