Oppenheimer Asset Management Inc. Buys New Stake in Masco Corporation $MAS

Key Points

• Oppenheimer Asset Management acquired 163,069 Masco shares worth approximately $13.3 million, while institutional investors and hedge funds collectively own 93.91% of the company.
• Analyst sentiment remains mixed: Masco has a consensus “Hold” rating and an average price target of $79.87, compared with a recent share price of $74.27.
• Masco exceeded quarterly EPS expectations with $1.64 per share, despite a 2.9% year-over-year revenue decline, and declared a $0.32 quarterly dividend. The company also authorized a $300 million share-repurchase program.

Oppenheimer Asset Management Inc. bought a new stake in shares of Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 163,069 shares of the construction company's stock, valued at approximately $13,269,000. Oppenheimer Asset Management Inc. owned about 0.08% of Masco as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd boosted its stake in shares of Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company's stock valued at $53,000 after acquiring an additional 142 shares during the last quarter. Ritholtz Wealth Management raised its stake in Masco by 3.9% in the 1st 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 last quarter. Andina Capital Management LLC raised its stake in Masco by 2.4% in the 4th 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 last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Masco by 3.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company's stock valued at $314,000 after purchasing an additional 167 shares in the last quarter. Finally, Fayez Sarofim & Co lifted its holdings in Masco by 0.7% in the 4th quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company's stock valued at $1,655,000 after purchasing an additional 180 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have issued reports on MAS. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a research note on Monday, August 3rd. Barclays decreased their target price on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Robert W. Baird lifted their target price on shares of Masco from $72.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group boosted their price target on Masco from $79.00 to $90.00 and gave the company a "buy" rating in a report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Masco currently has a consensus rating of "Hold" and an average price target of $79.87.

Masco Stock Down 0.4%

MAS opened at $74.27 on Friday. 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 stock has a market capitalization of $14.65 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.89 and a beta of 1.30. The business has a 50-day moving average of $76.62 and a two-hundred day moving average of $70.76. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted $1.30 EPS. The company'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. On average, research analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco's dividend payout ratio (DPR) is 29.43%.

Masco announced that its board has approved a share repurchase program on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication 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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