Masco Corporation $MAS Shares Sold by Thematics Asset Management

Thematics Asset Management reduced its position in shares of Masco Corporation (NYSE:MAS) by 25.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,517 shares of the construction company’s stock after selling 29,000 shares during the quarter. Thematics Asset Management’s holdings in Masco were worth $5,879,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of MAS. Rossby Financial LCC raised its holdings in shares of Masco by 134.2% in the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after purchasing an additional 212 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Masco in the second quarter valued at $28,000. Headlands Technologies LLC lifted its position in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of Masco during the second quarter worth $37,000. Finally, CYBER HORNET ETFs LLC purchased a new stake in shares of Masco during the second quarter valued at $37,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by company insiders.

Masco Price Performance

MAS opened at $61.51 on Friday. The stock has a fifty day moving average price of $69.68 and a 200 day moving average price of $67.98. 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. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 15.98, a PEG ratio of 1.72 and a beta of 1.27.

Masco (NYSE:MAS) last issued 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. Masco had a return on equity of 856.70% and a net margin of 10.71%.The company had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm posted $0.89 EPS. The business’s revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco declared that its board has approved a stock buyback program on Tuesday, February 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a $0.32 dividend. This is a positive change from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Friday, February 20th. Masco’s payout ratio is presently 33.25%.

Analysts Set New Price Targets

MAS has been the subject of a number of recent analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price target on shares of Masco in a research report on Wednesday, February 11th. BMO Capital Markets restated a “market perform” rating and set a $77.00 price objective on shares of Masco in a report on Thursday, February 12th. Evercore set a $78.00 price objective on shares of Masco in a research note on Wednesday, February 11th. Weiss Ratings cut shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Finally, Robert W. Baird set a $82.00 target price on shares of Masco in a research report on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $76.94.

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.