15,717,623 Shares in Masco Corporation $MAS Acquired by BlackRock Inc.

BlackRock Inc. bought a new stake in Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 15,717,623 shares of the construction company's stock, valued at approximately $1,278,943,000. BlackRock Inc. owned 7.97% of Masco at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Bard Associates Inc. acquired a new position in shares of Masco in the fourth quarter valued at approximately $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Masco during the 3rd quarter worth approximately $26,000. Bogart Wealth LLC grew its holdings in Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company's stock valued at $27,000 after purchasing an additional 408 shares during the last quarter. Bell Investment Advisors Inc acquired a new position in Masco during the second quarter worth about $32,000. Finally, Headlands Technologies LLC raised its position in shares of Masco by 114.5% during the 2nd 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 last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the subject of several recent research reports. Royal Bank Of Canada raised their price target on Masco from $67.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 23rd. Wells Fargo & Company upped their price objective on Masco from $85.00 to $87.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. The Goldman Sachs Group increased their price objective on Masco from $79.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a research report on Monday, August 3rd. Finally, Truist Financial cut their target price on shares of Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $79.87.

Masco Price Performance

Masco stock opened at $73.39 on Friday. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64. The firm has a 50 day moving average price of $76.81 and a 200 day moving average price of $70.98. The company has a market cap of $14.47 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.90 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 (NYSE:MAS - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. Masco's revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco's dividend payout ratio (DPR) is 29.43%.

Masco announced that its Board of Directors has approved 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

About Masco

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.

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