Bank of America Corp DE Sells 21,465 Shares of Masco Corporation $MAS

Key Points

• Bank of America reduced its Masco stake by 1.1% in the first quarter, selling 21,465 shares and retaining 2.01 million shares worth approximately $121.1 million. Institutional investors collectively own 93.91% of Masco.
• Analyst sentiment is mixed: Masco has an average “Hold” rating and a consensus price target of $79.87, with recent upgrades from Zacks and Wells Fargo but price-target cuts from BMO, Bank of America, and UBS.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus, though revenue fell 2.9% year over year to $1.99 billion. The company also declared a $0.32 quarterly dividend and approved a $300 million share-repurchase program.

Bank of America Corp DE lessened its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 1.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,005,715 shares of the construction company's stock after selling 21,465 shares during the quarter. Bank of America Corp DE owned approximately 0.99% of Masco worth $121,085,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Covestor Ltd boosted its position in Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company's stock worth $53,000 after purchasing an additional 142 shares during the period. Ritholtz Wealth Management raised its position in shares of Masco by 3.9% in the first quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company's stock valued at $242,000 after purchasing an additional 150 shares during the period. Andina Capital Management LLC raised its position in shares of Masco by 2.4% in the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company's stock valued at $417,000 after purchasing an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC lifted its stake in shares of Masco by 3.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company's stock worth $314,000 after buying an additional 167 shares during the last quarter. Finally, Fayez Sarofim & Co lifted its stake in shares of Masco by 0.7% during the 4th quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company's stock worth $1,655,000 after buying an additional 180 shares during the last quarter. Institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

MAS has been the topic of a number of research reports. Zacks Research upgraded shares of Masco from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 16th. BMO Capital Markets cut their price objective on shares of Masco from $77.00 to $75.00 and set a "market perform" rating for the company in a research report on Monday, April 20th. Wells Fargo & Company boosted their price objective on Masco from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Tuesday, July 14th. Bank of America decreased their target price on Masco from $69.00 to $61.00 and set an "underperform" rating on the stock in a research report on Monday, April 20th. Finally, UBS Group lowered their target price on Masco from $97.00 to $94.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $79.87.

Masco Price Performance

Shares of Masco stock opened at $75.45 on Friday. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The company has a 50-day simple moving average of $75.93 and a two-hundred day simple moving average of $70.52. The stock has a market capitalization of $14.88 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 1.96 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 (EPS) for the quarter, beating analysts' consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the previous year, the firm posted $1.30 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Friday, May 22nd. Masco's payout ratio is 29.43%.

Masco declared that its board has approved a share buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are 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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