30,189 Shares in Masco Corporation $MAS Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 30,189 Masco shares worth approximately $2.46 million in the second quarter. Institutional investors collectively own 93.91% of MAS, with several other firms also initiating or increasing positions.
• Analyst sentiment is mixed: Masco has a consensus “Hold” rating from 19 analysts and an average price target of $79.56, while recent firms lowered targets or maintained neutral ratings.
• Masco exceeded quarterly earnings expectations with $1.64 in EPS versus a $1.32 estimate, though revenue fell 2.9% year over year. The company also pays a quarterly dividend of $0.32 per share, representing a 1.8% yield.

Nykredit A S acquired a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,189 shares of the construction company's stock, valued at approximately $2,456,000.

A number of other large investors have also bought and sold shares of MAS. Boston Trust Walden Corp raised its stake in Masco by 37.7% in the 1st quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company's stock valued at $43,080,000 after acquiring an additional 195,509 shares during the period. Balefire LLC bought a new position in Masco during the first quarter worth about $1,021,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Masco in the second quarter worth about $13,269,000. Sanctuary Advisors LLC purchased a new position in shares of Masco in the second quarter worth about $5,016,000. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Masco by 138.0% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,020 shares of the construction company's stock valued at $763,000 after purchasing an additional 6,970 shares during the period. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MAS. Zacks Research downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Wells Fargo & Company lowered their target price on shares of Masco from $87.00 to $82.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research report on Friday, July 31st. DA Davidson assumed coverage on Masco in a research report on Monday, August 24th. They issued a "neutral" rating and a $80.00 price target for the company. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Masco in a report on Friday. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $79.56.

Masco Trading Up 3.4%

Masco stock opened at $70.02 on Wednesday. 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 Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The stock has a market cap of $13.81 billion, a P/E ratio of 16.10, a PEG ratio of 1.65 and a beta of 1.30. The firm's fifty day moving average price is $73.69 and its 200-day moving average price is $70.62.

Masco (NYSE:MAS - Get Free Report) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the previous year, the business earned $1.30 earnings per share. The firm's revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Masco's payout ratio is presently 29.43%.

About Masco

Masco Corporation NYSE: MAS is a manufacturer of branded home improvement and building products. The company operates primarily through two business segments: Plumbing Products and Decorative Architectural Products, serving professional contractors, distributors, retailers and consumers.

Masco's plumbing portfolio includes faucets, showers, bathtubs, showering systems and related products marketed under brands such as Delta, Brizo, Peerless and hansgrohe. Its decorative architectural products include interior and exterior paints, lighting, cabinetry hardware and other home-decorating products sold through brands including Behr, Kilz, Kichler and Liberty.

Founded in 1929 by Alex Manoogian, Masco has expanded from its original manufacturing operations into a global home products company.

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