Oxbow Advisors LLC Makes New $6.97 Million Investment in Masco Corporation $MAS

Oxbow Advisors LLC acquired a new stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 85,713 shares of the construction company’s stock, valued at approximately $6,974,000.

Several other institutional investors have also modified their holdings of the stock. Wealthfront Advisers LLC purchased a new stake in shares of Masco during the second quarter worth about $5,076,000. Foster & Motley Inc. acquired a new position in shares of Masco during the 2nd quarter worth about $2,302,000. Meeder Advisory Services Inc. purchased a new position in Masco in the 2nd quarter valued at about $266,000. Meeder Asset Management Inc. purchased a new position in Masco in the 2nd quarter valued at about $326,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in Masco in the 2nd quarter worth about $271,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Down 0.7%

MAS opened at $73.39 on Wednesday. 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 company’s 50 day simple moving average is $76.74 and its two-hundred day simple moving average is $70.87. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The firm has a market capitalization of $14.47 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30.

Masco (NYSE:MAS) last posted its quarterly 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. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business earned $1.30 earnings per share. The business’s revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts expect that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio is presently 29.43%.

Masco declared that its Board of Directors has authorized a stock repurchase plan on Thursday, May 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have commented on MAS shares. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Royal Bank Of Canada boosted their price target on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a research note on Monday, August 3rd. Finally, Barclays decreased their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $79.87.

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.