State of Wyoming Makes New $750,000 Investment in Masco Corporation $MAS

State of Wyoming purchased a new position in Masco Corporation (NYSE:MAS) in the second quarter, Holdings Channel reports. The institutional investor purchased 9,220 shares of the construction company’s stock, valued at approximately $750,000.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAS. The Goldman Sachs Group raised their price objective on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Robert W. Baird upped their target price on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research note on Monday, August 3rd. Zacks Research raised shares of Masco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $79.87.

Masco Stock Down 0.1%

MAS stock opened at $74.27 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The company’s 50 day moving average is $76.62 and its 200 day moving average is $70.77. The stock has a market cap of $14.65 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64.

Masco (NYSE:MAS) last announced its earnings results 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. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business 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 business posted $1.30 earnings per share. Masco’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Masco’s dividend payout ratio (DPR) is 29.43%.

Masco declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Masco 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.