Redwood Investment Management LLC Invests $1.16 Million in Masco Corporation $MAS

Key Points

• Redwood Investment Management initiated a $1.16 million position in Masco during the second quarter, while institutional investors collectively own 93.91% of the company.
• Analyst sentiment remains mixed: seven analysts rate Masco a Buy, 11 recommend Hold and one rates it Sell, producing an overall “Hold” consensus and an average price target of $79.88.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus, while revenue fell 2.9% year over year. The company also announced a $0.32 quarterly dividend and authorized a $300 million share-repurchase program.

Redwood Investment Management LLC bought a new position in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,304 shares of the construction company's stock, valued at approximately $1,164,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Bard Associates Inc. bought a new stake in Masco in the 4th quarter valued at $25,000. Sunbelt Securities Inc. bought a new stake in Masco in the third quarter worth $26,000. Bogart Wealth LLC grew its holdings in Masco by 2,550.0% during the 4th 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 last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Masco in the second quarter worth approximately $32,000. Finally, Headlands Technologies LLC lifted its position in shares of Masco by 114.5% during the second 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 last quarter. Institutional investors own 93.91% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MAS shares. DA Davidson assumed coverage on Masco in a research note on Monday. They issued a "neutral" rating and a $80.00 price objective on the stock. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a research note on Friday, July 31st. Weiss Ratings raised Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. Zacks Research lowered shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Finally, Truist Financial dropped their target price on shares of Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $79.88.

Masco Stock Up 0.9%

NYSE:MAS opened at $73.57 on Thursday. The company's fifty day moving average price is $76.76 and its 200-day moving average price is $71.09. The firm has a market capitalization of $14.51 billion, a P/E ratio of 16.91, a PEG ratio of 1.85 and a beta of 1.30. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be paid 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 presently 29.43%.

Masco announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its shares are undervalued.

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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