Victory Capital Management Inc. Sells 13,231 Shares of Masco Corporation $MAS

Victory Capital Management Inc. cut its holdings in Masco Corporation (NYSE:MAS) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 556,445 shares of the construction company’s stock after selling 13,231 shares during the quarter. Victory Capital Management Inc. owned approximately 0.27% of Masco worth $39,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Rossby Financial LCC lifted its holdings in Masco by 134.2% in the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after buying an additional 212 shares during the period. Elevation Point Wealth Partners LLC bought a new position in shares of Masco during the second quarter valued at approximately $28,000. Headlands Technologies LLC raised its holdings in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares in the last quarter. Caldwell Trust Co purchased a new stake in Masco in the second quarter worth $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in Masco in the second quarter worth $37,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Insider Buying and Selling at Masco

In other Masco 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

Masco Stock Performance

Shares of Masco stock opened at $63.66 on Friday. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $79.19. The firm has a market capitalization of $12.96 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a current ratio of 1.81, a quick ratio of 1.14 and a debt-to-equity ratio of 38.75. The business has a fifty day simple moving average of $69.84 and a two-hundred day simple moving average of $68.33.

Masco (NYSE:MAS) last released its 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 firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.82 billion. Masco had a net margin of 10.71% and a return on equity of 856.70%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, equities analysts forecast that Masco Corporation will post 4.34 earnings per share for the current fiscal 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 reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Masco Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 2.0%. This is a boost from Masco’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, February 20th. Masco’s dividend payout ratio is currently 33.25%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore set a $78.00 price objective on shares of Masco in a research report on Wednesday, February 11th. Robert W. Baird set a $82.00 target price on shares of Masco in a research report on Wednesday, February 11th. Royal Bank Of Canada boosted their price target on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and issued a $88.00 price target on shares of Masco in a research note on Wednesday, February 11th. Finally, Citigroup raised their price objective on shares of Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a report on Thursday, February 12th. Seven research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.