Bank of America Corp DE Invests $178.42 Million in Masco Corporation $MAS

Key Points

• Bank of America acquired 2.19 million Masco shares in the second quarter, valued at approximately $178.4 million and representing about 1.11% of the company. Institutional investors and hedge funds collectively own 93.91% of Masco.
• Analyst sentiment is mixed: seven analysts rate Masco a Buy, eleven rate it Hold, and one rates it Sell. The consensus rating is Hold, with an average price target of $79.56 versus a recent price of $68.21.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus, although revenue fell 2.9% year over year to $1.99 billion. The company also maintains a quarterly dividend of $0.32 per share, equivalent to a 1.9% yield.

Bank of America Corp DE bought a new position in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,192,754 shares of the construction company's stock, valued at approximately $178,424,000. Bank of America Corp DE owned approximately 1.11% of Masco at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Boston Trust Walden Corp increased its holdings in shares of Masco by 37.7% during 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 during the period. Balefire LLC purchased a new stake in Masco during the first quarter valued at about $1,021,000. Oppenheimer Asset Management Inc. acquired a new position in Masco in the 2nd quarter worth approximately $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Masco during the 4th quarter worth about $1,411,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter valued at $5,016,000. Institutional investors and hedge funds own 93.91% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on MAS shares. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Tuesday, June 23rd. Evercore lowered shares of Masco from an "outperform" rating to an "in-line" rating and set a $78.00 price objective for the company. in a research note on Thursday, July 30th. Zacks Research cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Truist Financial cut their target price on Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Wells Fargo & Company reduced their price target on Masco from $87.00 to $82.00 and set an "overweight" rating for the company in a research report on Friday, September 11th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Masco currently has a consensus rating of "Hold" and an average price target of $79.56.

Masco Stock Down 0.1%

Masco stock opened at $68.21 on Friday. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.67 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The firm has a fifty day moving average price of $74.22 and a two-hundred day moving average price of $70.62.

Masco (NYSE:MAS - Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the business posted $1.30 earnings per share. The firm's revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts forecast that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently declared 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 was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Masco's payout ratio is 29.43%.

Masco Company 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.

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