Baird Financial Group Inc. Raises Stake in Masco Corporation $MAS

Key Points

• Baird Financial Group increased its Masco stake by 1,540.8% in the second quarter, ending with 224,511 shares valued at approximately $18.3 million. Institutional investors collectively own 93.91% of Masco.
• Analyst sentiment is mixed: Masco has a consensus “Hold” rating and an average price target of $79.56, compared with shares recently opening at $68.62.
• Masco beat quarterly earnings expectations with EPS of $1.64 versus the $1.32 estimate, though revenue fell 2.9% year over year to $1.99 billion. The company also maintains a quarterly dividend of $0.32 per share, yielding about 1.9% annually.

Baird Financial Group Inc. boosted its position in shares of Masco Corporation (NYSE:MAS - Free Report) by 1,540.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 224,511 shares of the construction company's stock after acquiring an additional 210,828 shares during the period. Baird Financial Group Inc. owned about 0.11% of Masco worth $18,268,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of MAS. Boston Trust Walden Corp boosted its holdings in Masco by 37.7% in the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company's stock valued at $43,080,000 after purchasing an additional 195,509 shares in the last quarter. Balefire LLC acquired a new stake in Masco during the first quarter worth approximately $1,021,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Masco in the 2nd quarter valued at $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of Masco in the 4th quarter valued at $1,411,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Masco in the 2nd quarter valued at $5,016,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Truist Financial reduced their price target on shares of Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Citigroup cut 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. Evercore downgraded Masco from an "outperform" rating to an "in-line" rating and set a $78.00 target price for the company. in a report on Thursday, July 30th. DA Davidson started coverage on Masco in a research report on Monday, August 24th. They issued a "neutral" rating and a $80.00 target price for the company. Finally, Wells Fargo & Company cut their price target on Masco from $87.00 to $82.00 and set an "overweight" rating on the stock in a research report on Friday. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $79.56.

Masco Price Performance

Shares of MAS opened at $68.62 on Friday. 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 firm has a 50-day simple moving average of $74.97 and a 200-day simple moving average of $70.75. The company has a market capitalization of $13.53 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data 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. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period last year, the firm earned $1.30 EPS. The firm'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. On average, equities research analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors 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 1.9%. Masco's dividend payout ratio (DPR) is currently 29.43%.

Masco Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.