Masco Corporation $MAS Shares Sold by SVB Wealth LLC

SVB Wealth LLC lowered its position in Masco Corporation (NYSE:MAS) by 32.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 18,494 shares of the construction company’s stock after selling 8,758 shares during the period. SVB Wealth LLC’s holdings in Masco were worth $1,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Focus Partners Wealth increased its holdings in Masco by 2.6% during the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after acquiring an additional 265 shares in the last quarter. CW Advisors LLC acquired a new stake in shares of Masco in the second quarter valued at approximately $238,000. Bank of Nova Scotia grew its position in shares of Masco by 14.8% in the second quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock valued at $1,645,000 after purchasing an additional 3,294 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Masco during the 2nd quarter worth approximately $415,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Masco by 4.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after purchasing an additional 1,413 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

MAS has been the topic of a number of recent research reports. UBS Group upped their target price on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Barclays boosted their price target on Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Bank of America dropped their price objective on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company boosted their target price on shares of Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Finally, Robert W. Baird upped their target price on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $80.07.

Masco Trading Down 0.4%

Shares of MAS opened at $73.30 on Wednesday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19. The company has a market capitalization of $14.79 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The stock has a fifty day moving average of $70.03 and a two-hundred day moving average of $67.63. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.The business’s revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, analysts forecast that Masco Corporation will post 4.25 EPS for the current year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is presently 31.76%.

Masco declared that its board has approved a share buyback plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is 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.