Masco Corporation $MAS Shares Purchased by Assetmark Inc.

Key Points

• Assetmark Inc. boosted its stake in Masco by 17.2%, adding 34,178 shares to hold 232,433 shares worth about $14.75 million (≈0.11% of the company).
• Masco's board approved a $2.0 billion share buyback (up to 13.5% of outstanding shares) and raised the quarterly dividend to $0.32, equal to a $1.28 annualized payout and a ~2.0% yield.
• Masco beat Q earnings estimates with EPS of $0.82 versus $0.78 consensus and set FY2026 guidance of 4.10–4.30 EPS, while analysts' consensus sits near 4.34; the stock trades at a ~16.6 P/E with ~93.9% institutional ownership.

Assetmark Inc. boosted its holdings in Masco Corporation (NYSE:MAS - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,433 shares of the construction company's stock after acquiring an additional 34,178 shares during the period. Assetmark Inc. owned 0.11% of Masco worth $14,750,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MAS. Focus Partners Wealth grew its stake in Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company's stock valued at $724,000 after acquiring an additional 265 shares during the last quarter. CW Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter worth about $238,000. Bank of Nova Scotia boosted its stake in shares of Masco by 14.8% during the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company's stock worth $1,645,000 after purchasing an additional 3,294 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Masco during the 2nd quarter worth about $415,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Masco by 4.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company's stock worth $2,049,000 after purchasing an additional 1,413 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Heath M. Eisman sold 747 shares of the firm's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the transaction, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.50% of the company's stock.

Masco Price Performance

MAS opened at $63.74 on Friday. The company's 50 day simple moving average is $66.16 and its 200 day simple moving average is $65.97. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $79.19. The stock has a market capitalization of $12.93 billion, a PE ratio of 16.56, a P/E/G ratio of 1.79 and a beta of 1.29.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. Masco had a net margin of 10.71% and a return on equity of 856.70%. The business had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period last year, the company earned $0.89 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.34 EPS for the current year.

Masco declared that its board has approved a stock buyback plan on Tuesday, February 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the construction company to buy up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were given a $0.32 dividend. This is a boost from Masco's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 20th. Masco's dividend payout ratio is 33.25%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MAS shares. Robert W. Baird set a $82.00 price target on shares of Masco in a research note on Wednesday, February 11th. Barclays decreased their price target on shares of Masco from $71.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. Evercore raised shares of Masco from an "in-line" rating to an "outperform" rating and set a $78.00 price target on the stock in a research note on Monday. Royal Bank Of Canada raised their price target on shares of Masco from $67.00 to $74.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company decreased their price target on shares of Masco from $85.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 8th. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $75.93.

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.

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.