Assenagon Asset Management S.A. Sells 455,917 Shares of Masco Corporation $MAS

Assenagon Asset Management S.A. lessened its position in Masco Corporation (NYSE:MAS) by 76.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 138,759 shares of the construction company’s stock after selling 455,917 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of Masco worth $8,806,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MAS. Rossby Financial LCC boosted its position in shares of Masco by 134.2% during the third 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 last quarter. Sunbelt Securities Inc. purchased a new stake in Masco in the 3rd quarter valued at $26,000. Elevation Point Wealth Partners LLC bought a new position in Masco during the 2nd quarter valued at $28,000. Community Bank N.A. purchased a new position in Masco during the 3rd quarter worth $34,000. Finally, Headlands Technologies LLC raised its holdings in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after purchasing an additional 293 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 747 shares of the business’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total transaction of $53,724.24. Following the sale, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. The trade was a 5.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MAS. Robert W. Baird set a $82.00 price objective on shares of Masco in a research note on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating and issued a $77.00 target price on shares of Masco in a research note on Thursday, February 12th. Barclays reiterated an “equal weight” rating and set a $71.00 price target (down from $76.00) on shares of Masco in a report on Monday, December 8th. Royal Bank Of Canada upped their price objective on Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. Finally, Citigroup raised their target price on Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $76.94.

Masco Stock Down 1.1%

Shares of NYSE MAS opened at $59.51 on Friday. 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 stock has a market capitalization of $12.12 billion, a PE ratio of 15.46, a P/E/G ratio of 1.71 and a beta of 1.27. Masco Corporation has a one year low of $56.55 and a one year high of $79.19. The business’s fifty day moving average price is $68.11 and its 200-day moving average price is $67.03.

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

Masco declared that its board has authorized a share buyback plan on Tuesday, February 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the construction company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a dividend of $0.32 per share. This is an increase from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, February 20th. Masco’s dividend payout ratio (DPR) is currently 33.25%.

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.