Masco (NYSE:MAS) Sets New 1-Year High – Here’s What Happened

Masco Corporation (NYSE:MAS) reached a new 52-week high on Thursday . The company traded as high as $79.85 and last traded at $80.0910, with a volume of 75652 shares traded. The stock had previously closed at $78.05.

Analyst Ratings Changes

Several research firms have issued reports on MAS. BMO Capital Markets cut their target price on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. UBS Group upped their price target on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays increased their price target on Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Masco has an average rating of “Hold” and a consensus price target of $80.07.

Masco Stock Performance

The company has a market cap of $16.21 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.31. The firm has a 50-day simple moving average of $70.30 and a 200 day simple moving average of $67.73. 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) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. The business had revenue of $1.92 billion during 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 company’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, sell-side analysts predict that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is 31.76%.

Masco declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Masco

Several hedge funds and other institutional investors have recently made changes to their positions in MAS. Norges Bank purchased a new stake in Masco during the fourth quarter worth $194,818,000. Wellington Management Group LLP purchased a new stake in shares of Masco in the third quarter valued at $192,948,000. Jacobs Levy Equity Management Inc. boosted its position in Masco by 443.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after acquiring an additional 1,901,815 shares during the last quarter. Barclays PLC boosted its position in Masco by 234.5% during the fourth quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after acquiring an additional 1,139,098 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after acquiring an additional 977,684 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

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.