28,288 Shares in Masco Corporation $MAS Acquired by Foster & Motley Inc.

Key Points

• Foster & Motley acquired 28,288 Masco shares during the second quarter, valued at approximately $2.3 million. Institutional investors collectively own 93.91% of the company.
• Analysts maintain a consensus “Hold” rating on Masco, with an average price target of $79.87. Recent targets range from $74 to $87.
• Masco exceeded quarterly earnings expectations, reporting $1.64 EPS versus the $1.32 consensus, though revenue fell 2.9% year over year. The company also declared a $0.32 quarterly dividend and authorized a $300 million share-repurchase program.

Foster & Motley Inc. bought a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 28,288 shares of the construction company's stock, valued at approximately $2,302,000.

Several other institutional investors have also recently made changes to their positions in the stock. Focus Partners Wealth lifted 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 worth $724,000 after purchasing an additional 265 shares in the last quarter. CW Advisors LLC bought a new stake in shares of Masco during the second quarter valued at about $238,000. Bank of Nova Scotia boosted 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 acquiring an additional 3,294 shares during the period. WINTON GROUP Ltd purchased a new position in Masco during the second quarter valued at approximately $415,000. Finally, Daiwa Securities Group Inc. grew its stake in Masco by 4.6% during the second quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company's stock valued at $2,049,000 after acquiring an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MAS shares. Citigroup lowered their target price on shares of Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a research report on Monday, August 3rd. Zacks Research cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Wells Fargo & Company increased their price objective on Masco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Masco from $74.00 to $78.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Masco currently has a consensus rating of "Hold" and an average price target of $79.87.

Masco Stock Performance

NYSE MAS opened at $73.39 on Wednesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a fifty day moving average of $76.74 and a 200-day moving average of $70.87. The company has a market capitalization of $14.47 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.88 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 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, equities research analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis 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 currently 29.43%.

Masco announced that its Board of Directors has authorized a share buyback program on Thursday, May 7th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board 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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