7,335 Shares in Masco Corporation $MAS Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC bought a new position in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 7,335 shares of the construction company’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Masco during the 2nd quarter worth approximately $1,278,943,000. Norges Bank bought a new position in Masco in the fourth quarter valued at approximately $194,818,000. Wellington Management Group LLP acquired a new position in shares of Masco in the third quarter valued at approximately $192,948,000. Bank of New York Mellon Corp acquired a new position in shares of Masco in the second quarter valued at approximately $156,668,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of 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 in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

Shares of MAS stock opened at $73.08 on Wednesday. The company’s fifty day simple moving average is $76.74 and its 200-day simple moving average is $71.08. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The firm has a market cap of $14.41 billion, a PE ratio of 16.80, a P/E/G ratio of 1.85 and a beta of 1.30. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping 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 net margin of 11.61% and a return on equity of 2,379.08%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts expect that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio is currently 29.43%.

Masco announced that its board has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MAS shares. DA Davidson initiated coverage on shares of Masco in a report on Monday. They set a “neutral” rating and a $80.00 price objective on the stock. Barclays reduced their target price on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. UBS Group lowered their target price on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a research note on Thursday, July 30th. Finally, Citigroup cut their price target on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.88.

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.