Wealthfront Advisers LLC Buys New Stake in Masco Corporation $MAS

Wealthfront Advisers LLC bought a new stake in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 62,378 shares of the construction company’s stock, valued at approximately $5,076,000.

Other institutional investors also recently made changes to their positions in the company. Foster & Motley Inc. purchased a new stake in shares of Masco in the second quarter valued at $2,302,000. Meeder Advisory Services Inc. purchased a new stake in Masco during the 2nd quarter worth about $266,000. Meeder Asset Management Inc. acquired a new position in Masco in the 2nd quarter valued at about $326,000. Citizens Financial Group Inc. RI acquired a new position in Masco in the 2nd quarter valued at about $271,000. Finally, Buckland Partners Management Co LLC purchased a new position in Masco in the 2nd quarter valued at about $3,662,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

NYSE:MAS opened at $73.39 on Friday. The firm’s fifty day simple moving average is $76.81 and its 200 day simple moving average is $70.98. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 16.87, a PEG ratio of 1.90 and a beta of 1.30.

Masco (NYSE:MAS) last announced its quarterly 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. The firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The firm’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

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

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be issued 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 is Monday, August 24th. Masco’s dividend payout ratio (DPR) is presently 29.43%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. UBS Group lowered their price target on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Robert W. Baird upped their price objective on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price on the stock. in a research report on Thursday, July 30th. Citigroup lowered their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Finally, Truist Financial cut their price target on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Masco currently has an average rating of “Hold” and an average target price of $79.87.

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.