QRG Capital Management Inc. Reduces Stock Holdings in Masco Corporation $MAS

Key Points

• QRG Capital cut its Masco stake by 68.7% in Q4, selling 119,910 shares and leaving 54,607 shares worth about $3.47 million.
• Masco's board authorized a $2.00 billion share buyback (up to 13.5% of outstanding shares) and raised the quarterly dividend to $0.32, signaling management confidence in the stock.
• Masco beat quarterly EPS estimates ($1.04 vs. $0.88), set FY 2026 guidance of 4.10–4.30 EPS, and currently carries a MarketBeat consensus rating of "Hold" with a $80.07 target.

QRG Capital Management Inc. cut its holdings in Masco Corporation (NYSE:MAS - Free Report) by 68.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,607 shares of the construction company's stock after selling 119,910 shares during the period. QRG Capital Management Inc.'s holdings in Masco were worth $3,465,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in shares of Masco by 2.6% in the first quarter. Focus Partners Wealth now owns 10,414 shares of the construction company's stock valued at $724,000 after purchasing an additional 265 shares in the last quarter. CW Advisors LLC purchased a new position in shares of Masco during the 2nd quarter worth approximately $238,000. Bank of Nova Scotia raised its position 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 position in shares of Masco during the 2nd quarter worth approximately $415,000. Finally, Daiwa Securities Group Inc. lifted its stake in Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company's stock valued at $2,049,000 after buying an additional 1,413 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Heath M. Eisman sold 747 shares of the company'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 transaction of $53,724.24. Following the completion of the transaction, the chief accounting officer owned 12,510 shares of the company's stock, valued at approximately $899,719.20. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup dropped their price target on Masco from $84.00 to $79.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group increased their price objective on Masco from $79.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their target price on shares of Masco from $70.00 to $82.00 and gave the company an "overweight" rating in a research note on Thursday, April 23rd. BMO Capital Markets reduced their target price on shares of Masco from $77.00 to $75.00 and set a "market perform" rating on the stock in a report on Monday, April 20th. Finally, Truist Financial raised their price target on shares of Masco from $85.00 to $90.00 and gave the stock a "buy" rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $80.07.

Masco Price Performance

Shares of NYSE:MAS opened at $71.99 on Thursday. The company has a market cap of $14.52 billion, a P/E ratio of 17.86, a P/E/G ratio of 1.74 and a beta of 1.34. The business has a fifty day simple moving average of $65.20 and a 200-day simple moving average of $66.17. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $79.19. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. The firm had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.The firm's revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts forecast that Masco Corporation will post 4.25 EPS for the current year.

Masco declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are 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 issued a $0.32 dividend. The ex-dividend date was Friday, February 20th. This is a positive change from Masco's previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Masco's payout ratio is presently 31.76%.

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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