Masco Corporation $MAS Stock Holdings Trimmed by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Masco stake by 25.3% in the second quarter, selling 26,731 shares and retaining 79,042 shares valued at $6.43 million. Institutional investors and hedge funds still own 93.91% of Masco.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $79.87. Recent targets range from $77 to $90, while Evercore and Barclays downgraded or lowered their outlooks.
• Masco shares opened at $76.10, near the analyst consensus target. The company beat quarterly EPS estimates ($1.64 versus $1.32) despite a 2.9% year-over-year revenue decline, and it authorized a $300 million share buyback representing up to 2.1% of outstanding shares.

Assenagon Asset Management S.A. lowered its stake in Masco Corporation (NYSE:MAS - Free Report) by 25.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,042 shares of the construction company's stock after selling 26,731 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Masco were worth $6,432,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its holdings in shares of Masco by 20.7% in the fourth quarter. Covestor Ltd now owns 829 shares of the construction company's stock valued at $53,000 after buying an additional 142 shares during the period. Ritholtz Wealth Management lifted its stake in Masco by 3.9% during the first quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company's stock valued at $242,000 after buying an additional 150 shares in the last quarter. Andina Capital Management LLC boosted its holdings 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 worth $417,000 after buying an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in shares of Masco by 3.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company's stock worth $314,000 after acquiring an additional 167 shares in the last quarter. Finally, Fayez Sarofim & Co increased its position in shares of Masco by 0.7% in the fourth quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company's stock worth $1,655,000 after acquiring an additional 180 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on MAS. Evercore downgraded shares of Masco from an "outperform" rating to an "in-line" rating and set a $78.00 price target for the company. in a research report on Thursday, July 30th. Zacks Research upgraded shares of Masco from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. The Goldman Sachs Group increased their target price on Masco from $79.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. Citigroup decreased their target price on Masco from $79.00 to $77.00 and set a "neutral" rating for the company in a research report on Friday, July 31st. Finally, Barclays lowered their price target on Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $79.87.

Masco Stock Performance

MAS opened at $76.10 on Wednesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The stock has a 50-day moving average of $76.33 and a 200-day moving average of $70.66. The company has a market cap of $15.01 billion, a PE ratio of 17.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating analysts' consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts forecast that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco announced that its board has initiated a share buyback plan on Thursday, May 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

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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