Acropolis Investment Management LLC lowered its stake in Masco Corporation (NYSE:MAS – Free Report) by 40.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,814 shares of the construction company’s stock after selling 9,225 shares during the quarter. Acropolis Investment Management LLC’s holdings in Masco were worth $877,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Rossby Financial LCC increased its stake in shares of Masco by 134.2% during 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 in the last quarter. Sunbelt Securities Inc. purchased a new stake in Masco during the 3rd quarter worth approximately $26,000. Elevation Point Wealth Partners LLC acquired a new position in shares of Masco during the second quarter valued at approximately $28,000. Community Bank N.A. purchased a new position in shares of Masco in the third quarter valued at approximately $34,000. Finally, Headlands Technologies LLC boosted its stake in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after acquiring an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MAS shares. Wells Fargo & Company upped their target price on shares of Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Evercore set a $78.00 price target on shares of Masco in a research report on Wednesday, February 11th. Robert W. Baird set a $82.00 price objective on shares of Masco in a research note on Wednesday, February 11th. Citigroup increased their price objective on shares of Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Finally, Zelman & Associates lowered shares of Masco to a “hold” rating in a research note on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $76.94.
Insider Activity at Masco
In other news, CAO Heath M. Eisman sold 747 shares of Masco stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total value of $53,724.24. Following the completion of the sale, the chief accounting officer directly owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Masco Stock Performance
Masco stock opened at $59.51 on Friday. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $79.19. The firm has a 50 day simple moving average of $68.11 and a 200-day simple moving average of $66.99. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 1.69 and a beta of 1.27. The company has a debt-to-equity ratio of 38.75, a current ratio of 1.81 and a quick ratio of 1.14.
Masco (NYSE:MAS – Get Free Report) 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. On average, analysts expect that Masco Corporation will post 4.34 EPS for the current year.
Masco Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Masco’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, February 20th. Masco’s payout ratio is currently 33.25%.
Masco announced that its Board of Directors has initiated a share buyback program on Tuesday, February 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
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.
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