Wedge Capital Management L L P NC Buys 11,782 Shares of Masco Corporation $MAS

Wedge Capital Management L L P NC grew its stake in shares of Masco Corporation (NYSE:MAS) by 6.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,274 shares of the construction company’s stock after buying an additional 11,782 shares during the period. Wedge Capital Management L L P NC owned 0.09% of Masco worth $15,076,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new stake in Masco in the 3rd quarter worth approximately $26,000. Bard Associates Inc. bought a new position in Masco in the 4th quarter valued at $25,000. Bogart Wealth LLC grew its position in shares of Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 408 shares in the last quarter. Headlands Technologies LLC increased 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 worth $35,000 after purchasing an additional 293 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in shares of Masco in the second quarter worth $37,000. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Up 1.8%

Shares of NYSE:MAS opened at $76.10 on Wednesday. The firm has a market capitalization of $15.01 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The firm has a fifty day moving average of $76.33 and a 200 day moving average of $70.66.

Masco (NYSE:MAS) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter last year, the business posted $1.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts anticipate that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco declared that its Board of Directors has approved a share repurchase plan on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MAS. BMO Capital Markets dropped their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Barclays lowered their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company lifted their price target on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Citigroup cut their price objective on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Masco currently has an average rating of “Hold” and a consensus price target of $79.87.

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.