Sanctuary Advisors LLC Invests $5.02 Million in Masco Corporation $MAS

Sanctuary Advisors LLC acquired a new stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 61,649 shares of the construction company’s stock, valued at approximately $5,016,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of Masco during the 3rd quarter valued at $26,000. Bard Associates Inc. bought a new stake in Masco in the fourth quarter worth $25,000. Bell Investment Advisors Inc acquired a new position in Masco during the second quarter worth $32,000. Bogart Wealth LLC increased its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares during the last quarter. Finally, Headlands Technologies LLC raised its holdings in 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 buying an additional 293 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Price Performance

NYSE:MAS opened at $73.20 on Tuesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The company has a 50-day moving average of $76.78 and a 200-day moving average of $71.07. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.64. The company has a market capitalization of $14.43 billion, a price-to-earnings ratio of 16.83, a PEG ratio of 1.86 and a beta of 1.30.

Masco (NYSE:MAS) last announced 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 firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the business posted $1.30 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s payout ratio is currently 29.43%.

Masco announced that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MAS. Truist Financial cut their price objective on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Citigroup lowered their price target on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays dropped their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Finally, Wells Fargo & Company upped their price objective on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.88.

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.