Oxbow Advisors LLC Buys New Holdings in Masco Corporation $MAS

Key Points

• Oxbow Advisors initiated a position in Masco by purchasing 85,713 shares worth approximately $6.97 million. Institutional investors and hedge funds collectively own 93.91% of Masco’s outstanding stock.
• Analyst sentiment is mixed, with seven Buy, ten Hold and one Sell rating; the consensus rating is Hold with a $79.87 price target. Masco recently exceeded quarterly EPS expectations, though revenue declined 2.9% year over year.
• Masco authorized a $300 million share buyback and announced a quarterly dividend of $0.32 per share, equivalent to a 1.7% annual yield.

Oxbow Advisors LLC purchased a new position in shares of Masco Corporation (NYSE:MAS - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 85,713 shares of the construction company's stock, valued at approximately $6,974,000.

Several other institutional investors and hedge funds have also bought and sold shares of MAS. Bard Associates Inc. acquired a new stake in shares of Masco in the fourth quarter worth $25,000. Sunbelt Securities Inc. acquired a new position in Masco during the third quarter valued at $26,000. Bogart Wealth LLC lifted its position in Masco by 2,550.0% during the fourth 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. Bell Investment Advisors Inc purchased a new stake in Masco in the second quarter valued at $32,000. Finally, Headlands Technologies LLC grew its position in Masco by 114.5% during 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. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MAS shares. Zacks Research cut Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research report on Monday, August 3rd. Truist Financial decreased their price target on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Robert W. Baird raised their price objective 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. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $79.87.

Masco Trading Down 0.7%

Shares of Masco stock opened at $73.39 on Wednesday. The firm has a 50-day simple moving average of $76.74 and a two-hundred day simple moving average of $70.87. The company has a market cap of $14.47 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two 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.

Masco (NYSE:MAS - Get Free Report) last posted its 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. 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 for the quarter, compared to analysts' expectations of $2.08 billion. During the same period last year, the firm earned $1.30 EPS. 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. As a group, equities analysts predict that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco declared that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board of directors believes its stock is undervalued.

Masco Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco's dividend payout ratio (DPR) is presently 29.43%.

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.

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