Masco Corporation $MAS Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in shares of Masco Corporation (NYSE:MAS) by 1,540.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 224,511 shares of the construction company’s stock after buying an additional 210,828 shares during the period. Baird Financial Group Inc.’s holdings in Masco were worth $18,268,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Focus Partners Wealth lifted its holdings in shares of Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after buying an additional 265 shares during the period. CW Advisors LLC acquired a new position in Masco during the second quarter worth $238,000. Bank of Nova Scotia grew its holdings in Masco by 14.8% during the second quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after acquiring an additional 3,294 shares during the period. WINTON GROUP Ltd purchased a new position in Masco in the second quarter worth $415,000. Finally, Daiwa Securities Group Inc. raised its position in Masco by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 1,413 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Truist Financial decreased 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. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Wells Fargo & Company reduced their price objective on shares of Masco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a report on Monday, August 3rd. Finally, Barclays reduced their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.56.

Masco Trading Up 1.5%

Shares of MAS opened at $68.62 on Friday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The firm has a 50 day simple moving average of $74.97 and a 200-day simple moving average of $70.75. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The stock has a market cap of $13.53 billion, a price-to-earnings ratio of 15.78, a price-to-earnings-growth ratio of 1.65 and a beta of 1.30.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.Masco’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast 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 was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.9%. Masco’s dividend payout ratio (DPR) is presently 29.43%.

Masco Profile

Masco Corporation (NYSE:MAS) is a manufacturer of branded home improvement and building products. The company operates primarily through two business segments: Plumbing Products and Decorative Architectural Products, serving professional contractors, distributors, retailers and consumers.

Masco’s plumbing portfolio includes faucets, showers, bathtubs, showering systems and related products marketed under brands such as Delta, Brizo, Peerless and hansgrohe. Its decorative architectural products include interior and exterior paints, lighting, cabinetry hardware and other home-decorating products sold through brands including Behr, Kilz, Kichler and Liberty.

Founded in 1929 by Alex Manoogian, Masco has expanded from its original manufacturing operations into a global home products company.