QRG Capital Management Inc. Has $2.59 Million Stock Position in Masco Corporation $MAS

QRG Capital Management Inc. cut its stake in shares of Masco Corporation (NYSE:MAS) by 21.5% in the first quarter, Holdings Channel reports. The firm owned 42,876 shares of the construction company’s stock after selling 11,731 shares during the quarter. QRG Capital Management Inc.’s holdings in Masco were worth $2,588,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MAS. Oxbow Advisors LLC increased its stake in shares of Masco by 65.4% in the 1st quarter. Oxbow Advisors LLC now owns 85,269 shares of the construction company’s stock valued at $5,148,000 after acquiring an additional 33,720 shares during the last quarter. HB Wealth Management LLC increased its stake in Masco by 7.1% in the first quarter. HB Wealth Management LLC now owns 8,160 shares of the construction company’s stock valued at $493,000 after purchasing an additional 541 shares in the last quarter. World Investment Advisors raised its stake in Masco by 5.3% during the 1st quarter. World Investment Advisors now owns 60,590 shares of the construction company’s stock worth $3,658,000 after buying an additional 3,062 shares during the period. Boyd Watterson Asset Management LLC OH increased its holdings in shares of Masco by 24.3% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 15,043 shares of the construction company’s stock worth $908,000 after acquiring an additional 2,942 shares in the last quarter. Finally, New York State Teachers Retirement System raised its position in shares of Masco by 11.3% during the first quarter. New York State Teachers Retirement System now owns 192,791 shares of the construction company’s stock worth $11,639,000 after purchasing an additional 19,598 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analyst Weigh In

MAS has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Citigroup reduced their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group increased their target price on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price target on the stock in a research note on Monday, April 13th. Finally, JPMorgan Chase & Co. boosted their price target on Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $80.07.

Masco Stock Down 1.4%

Shares of NYSE MAS traded down $1.10 during midday trading on Tuesday, reaching $79.94. The company’s stock had a trading volume of 144,979 shares, compared to its average volume of 2,712,077. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.21. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.04 and a beta of 1.29. The stock has a 50 day simple moving average of $72.48 and a 200-day simple moving average of $68.73.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.88 by $0.16. The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The firm’s revenue was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts predict that Masco Corporation will post 4.25 earnings per share for the current year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Masco’s dividend payout ratio (DPR) is presently 31.76%.

Masco declared that its board has authorized a share buyback plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.