Palmer Knight Co Acquires New Position in Masco Corporation $MAS

Key Points

• Palmer Knight Co. acquired 98,522 Masco shares during the second quarter, valued at approximately $8.0 million and representing 3.1% of its portfolio. Institutional investors and hedge funds collectively own 93.91% of MAS.
• Masco reported quarterly EPS of $1.64, exceeding the $1.32 consensus estimate, although revenue fell 2.9% year over year to $1.99 billion. The company reaffirmed fiscal 2026 EPS guidance of $4.40–$4.60.
• Masco authorized a $300 million share-repurchase program and declared a quarterly dividend of $0.32 per share, equivalent to a 1.7% yield. Analysts maintain a consensus “Hold” rating with an average price target of $79.87.

Palmer Knight Co bought a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 98,522 shares of the construction company's stock, valued at approximately $8,017,000. Masco comprises 3.1% of Palmer Knight Co's portfolio, making the stock its 18th biggest holding.

Several other institutional investors also recently bought and sold shares of MAS. Boston Trust Walden Corp grew its holdings in Masco by 37.7% in the 1st quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company's stock valued at $43,080,000 after buying an additional 195,509 shares during the period. Balefire LLC purchased a new position in shares of Masco during the 1st quarter worth about $1,021,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of Masco by 6.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 157,237 shares of the construction company's stock worth $9,978,000 after acquiring an additional 9,107 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Masco in the fourth quarter worth approximately $1,411,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Masco by 40.4% in the fourth quarter. Teacher Retirement System of Texas now owns 365,472 shares of the construction company's stock worth $23,193,000 after acquiring an additional 105,110 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $73.39 on Wednesday. The stock has a market capitalization of $14.47 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.88 and a beta of 1.30. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The company's 50-day simple moving average is $76.74 and its 200-day simple moving average is $70.87. 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 announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company earned $1.30 earnings per share. Masco'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. Equities analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco announced that its board has authorized a stock repurchase plan on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco's dividend payout ratio is currently 29.43%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MAS. Royal Bank Of Canada upped their price target on shares of Masco from $67.00 to $72.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their price objective on shares of Masco from $74.00 to $78.00 and gave the company a "neutral" rating in a research note on Friday, April 24th. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Finally, Truist Financial cut their target price on Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Masco has a consensus rating of "Hold" and an average target price of $79.87.

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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