Masco Corporation $MAS Stock Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC increased its stake in shares of Masco Corporation (NYSE:MAS) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,429 shares of the construction company’s stock after purchasing an additional 9,357 shares during the period. Foster Victor Wealth Advisors LLC owned 0.14% of Masco worth $19,960,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Crossmark Global Holdings Inc. grew its holdings in Masco by 84.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 44,139 shares of the construction company’s stock valued at $2,975,000 after buying an additional 20,196 shares during the last quarter. Nisa Investment Advisors LLC increased its position in Masco by 15.2% during the third quarter. Nisa Investment Advisors LLC now owns 32,008 shares of the construction company’s stock worth $2,157,000 after buying an additional 4,225 shares in the last quarter. Oregon Pacific Wealth Management LLC increased its position in Masco by 13.2% during the third quarter. Oregon Pacific Wealth Management LLC now owns 3,599 shares of the construction company’s stock worth $243,000 after buying an additional 421 shares in the last quarter. CWA Asset Management Group LLC purchased a new position in Masco during the third quarter worth $4,038,000. Finally, CWS Financial Advisors LLC raised its holdings in shares of Masco by 12.2% in the third quarter. CWS Financial Advisors LLC now owns 5,482 shares of the construction company’s stock worth $370,000 after acquiring an additional 598 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Down 0.1%

Shares of MAS opened at $74.56 on Thursday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The company has a market capitalization of $14.70 billion, a PE ratio of 17.14, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The stock has a fifty day moving average of $70.77 and a two-hundred day moving average of $71.91. 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 (NYSE:MAS) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a dividend of $0.32 per share. The ex-dividend date was Monday, August 24th. This represents a $1.28 annualized dividend and a yield of 1.7%. Masco’s dividend payout ratio is 29.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. Barclays reduced their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. UBS Group decreased their price objective on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Truist Financial dropped their price objective on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research note on Monday, August 3rd. Finally, Melius Research began coverage on shares of Masco in a research note on Tuesday, October 6th. They issued a “hold” rating and a $75.00 target price for the company. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.12.

Masco Profile

Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.

Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.

Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.