Bank of New York Mellon Corp Purchases New Stake in Masco Corporation $MAS

Key Points

• Bank of New York Mellon acquired 1.93 million Masco shares worth approximately $156.7 million, representing about 0.98% of the company. Institutional investors collectively own 93.91% of Masco.
• Masco exceeded quarterly earnings expectations, reporting $1.64 EPS versus the $1.32 consensus, although revenue declined 2.9% year over year to $1.99 billion. The company maintained fiscal 2026 EPS guidance of $4.40–$4.60.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and average price target of $79.87. Masco also authorized a $300 million share repurchase program and declared a quarterly dividend of $0.32 per share.

Bank of New York Mellon Corp bought a new stake in Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,925,376 shares of the construction company's stock, valued at approximately $156,668,000. Bank of New York Mellon Corp owned approximately 0.98% of Masco as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bard Associates Inc. acquired a new stake in Masco in the fourth quarter valued at $25,000. Sunbelt Securities Inc. purchased a new stake in shares of Masco in the third quarter valued at about $26,000. Bogart Wealth LLC grew its stake in Masco by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company's stock valued at $27,000 after purchasing an additional 408 shares during the period. Headlands Technologies LLC raised its holdings in shares of Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company's stock worth $35,000 after purchasing an additional 293 shares during the period. Finally, CYBER HORNET ETFs LLC bought a new position in Masco during the second quarter worth about $37,000. Institutional investors own 93.91% of the company's stock.

Key Headlines Impacting Masco

Here are the key news stories impacting Masco this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $4.49 from $4.27, a meaningful improvement, and increased its FY2027 forecast slightly to $4.71 from $4.69.
• Positive Sentiment: Quarterly estimates also improved for Q1 2027, to $1.12 from $1.10; Q2 2027, to $1.42 from $1.35; and Q1 2028, to $1.28 from $1.22. These increases indicate some expectations for stronger earnings in portions of the forward period.
• Neutral Sentiment: The current-year analyst consensus remains $4.52 per share, close to Zacks’ revised FY2026 estimate. Zacks also projects FY2028 EPS of $5.17, although that forecast was reduced from $5.25.
• Negative Sentiment: Zacks cut estimates for several periods: Q3 2026 EPS to $0.99 from $1.04, Q4 2026 to $0.82 from $0.91, Q3 2027 to $1.13 from $1.18, Q4 2027 to $1.03 from $1.07, and Q2 2028 to $1.39 from $1.43.
• Negative Sentiment: The broad reduction to the FY2028 outlook suggests analysts see some pressure on Masco’s longer-term earnings growth. Combined with the lower near-term quarterly forecasts, the revisions are likely a modest headwind for MAS, even though select annual and quarterly estimates were raised.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of recent analyst reports. UBS Group lowered their price target on shares of Masco from $97.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company increased their target price on shares of Masco from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Citigroup cut their target price on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Barclays cut their price objective on Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research cut shares of Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $79.87.

Masco Stock Performance

Shares of NYSE MAS opened at $73.39 on Monday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The firm has a fifty day moving average price of $76.80 and a 200-day moving average price of $71.03. The stock has a market cap of $14.47 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64.

Masco (NYSE:MAS - Get Free Report) last released 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 firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The business's quarterly 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. Equities analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

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

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Masco's dividend payout ratio is presently 29.43%.

Masco Profile

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.

Want to see what other hedge funds are holding MAS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Masco Corporation (NYSE:MAS - Free Report).

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source