Jupiter Topco LLC Invests $1.40 Million in Masco Corporation $MAS

Key Points

• Jupiter Topco LLC acquired 17,184 Masco shares during the second quarter, worth approximately $1.40 million. Other major institutions also initiated positions, and institutional investors now 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 $79.88 versus the reported share price of $72.74.
• Masco exceeded quarterly EPS expectations, reporting $1.64 compared with the $1.32 consensus estimate, although revenue fell 2.9% year over year to $1.99 billion. The company also paid a quarterly dividend of $0.32 per share, representing a 1.8% annualized yield.

Jupiter Topco LLC acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,184 shares of the construction company's stock, valued at approximately $1,398,000.

A number of other institutional investors and hedge funds have also modified their holdings of MAS. Hsbc Holdings PLC purchased a new position in shares of Masco in the second quarter worth $30,116,000. Ancora Advisors LLC bought a new position in Masco in the second quarter valued at about $254,000. Canada Pension Plan Investment Board purchased a new position in Masco in the second quarter worth about $14,533,000. Legal & General Group Plc bought a new stake in shares of Masco during the 2nd quarter valued at about $59,448,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Masco during the 2nd quarter valued at about $10,939,000. Institutional investors own 93.91% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MAS. Zacks Research downgraded shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Weiss Ratings upgraded shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Evercore downgraded shares of Masco from an "outperform" rating to an "in-line" rating and set a $78.00 target price on the stock. in a research note on Thursday, July 30th. Truist Financial cut their price target 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 upped their price objective on Masco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $79.88.

Masco Trading Up 1.8%

NYSE MAS opened at $72.74 on Friday. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64. 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 company has a market capitalization of $14.34 billion, a PE ratio of 16.72, a P/E/G ratio of 1.74 and a beta of 1.30. The company has a fifty day moving average of $76.17 and a 200 day moving average of $70.95.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping 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 business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same quarter in the previous year, the company earned $1.30 earnings per share. The company's quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Research analysts forecast that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

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

Masco Company 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.

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