Vanguard Group Inc. Sells 721,060 Shares of Masco Corporation $MAS

Vanguard Group Inc. lowered its position in shares of Masco Corporation (NYSE:MAS) by 2.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,151,712 shares of the construction company’s stock after selling 721,060 shares during the period. Vanguard Group Inc. owned 0.14% of Masco worth $1,981,599,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in shares of Masco by 2.6% during the first quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock worth $724,000 after buying an additional 265 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in Masco by 107.6% during the second quarter. Chicago Partners Investment Group LLC now owns 7,186 shares of the construction company’s stock worth $488,000 after acquiring an additional 3,725 shares during the period. Rehmann Capital Advisory Group raised its stake in Masco by 16.1% in the 2nd quarter. Rehmann Capital Advisory Group now owns 18,347 shares of the construction company’s stock worth $1,181,000 after purchasing an additional 2,551 shares in the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Masco in the 2nd quarter worth about $222,000. Finally, Wealthfront Advisers LLC boosted its holdings in Masco by 18.0% in the 2nd quarter. Wealthfront Advisers LLC now owns 99,606 shares of the construction company’s stock valued at $6,411,000 after purchasing an additional 15,201 shares during the period. 93.91% of the stock is currently owned by institutional investors.

Masco Stock Performance

Masco stock opened at $75.05 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75. The stock has a market cap of $15.28 billion, a PE ratio of 19.49, a P/E/G ratio of 2.18 and a beta of 1.28. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $79.19. The business’s 50-day moving average price is $68.56 and its two-hundred day moving average price is $68.44.

Masco (NYSE:MAS) last posted its earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Masco had a net margin of 10.71% and a return on equity of 856.70%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco announced that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, February 20th. This is a boost from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s payout ratio is presently 32.21%.

Analysts Set New Price Targets

MAS has been the topic of several recent research reports. Robert W. Baird set a $82.00 target price on shares of Masco in a report on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and set a $88.00 target price on shares of Masco in a report on Wednesday, February 11th. Barclays reaffirmed an “equal weight” rating and issued a $71.00 price target (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. Argus reduced their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Finally, Evercore set a $78.00 target price on shares of Masco in a research report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and an average price target of $76.94.

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.