Masco (NYSE:MAS) CAO Heath Eisman Sells 747 Shares of Stock

Masco Corporation (NYSE:MAS) CAO Heath Eisman sold 747 shares of the business’s stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the transaction, the chief accounting officer owned 12,510 shares of the company’s stock, valued at $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Masco Stock Performance

NYSE MAS opened at $71.58 on Friday. The firm’s 50 day simple moving average is $69.58 and its 200 day simple moving average is $68.59. The firm has a market capitalization of $14.57 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.06 and a beta of 1.28. The company has a current ratio of 1.81, a quick ratio of 1.14 and a debt-to-equity ratio of 38.75. Masco Corporation has a 1 year low of $56.55 and a 1 year high of $79.19.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 856.70% and a net margin of 10.71%.The company’s quarterly revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, research analysts expect that Masco Corporation will post 4.34 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 20th will be given a $0.32 dividend. 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 yield of 1.8%. The ex-dividend date is Friday, February 20th. Masco’s dividend payout ratio (DPR) is presently 33.25%.

Masco declared that its Board of Directors has approved a stock buyback program on Tuesday, February 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the construction company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Hedge Funds Weigh In On Masco

A number of hedge funds and other institutional investors have recently made changes to their positions in MAS. Covestor Ltd increased its position in Masco by 20.7% during the 4th quarter. Covestor Ltd now owns 829 shares of the construction company’s stock valued at $53,000 after purchasing an additional 142 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Masco by 0.3% in the 3rd quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock valued at $3,114,000 after purchasing an additional 143 shares during the last quarter. Andina Capital Management LLC boosted its stake in shares of Masco by 2.4% in the 4th quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock valued at $417,000 after purchasing an additional 154 shares during the last quarter. Pallas Capital Advisors LLC increased its position in shares of Masco by 1.4% during the third quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock worth $854,000 after buying an additional 162 shares during the period. Finally, Dorsey & Whitney Trust CO LLC raised its stake in Masco by 3.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after buying an additional 167 shares during the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MAS. Citigroup lifted their price target on shares of Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Royal Bank Of Canada raised their target price on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 11th. Robert W. Baird set a $82.00 price target on shares of Masco in a report on Wednesday, February 11th. Wells Fargo & Company raised their price objective on Masco from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Seven analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the stock. According to data from MarketBeat, the company 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.