Wellington Management Group LLP Cuts Stake in Masco Corporation $MAS

Wellington Management Group LLP lessened its holdings in shares of Masco Corporation (NYSE:MAS) by 10.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,789,629 shares of the construction company’s stock after selling 445,709 shares during the quarter. Wellington Management Group LLP’s holdings in Masco were worth $308,362,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. Focus Partners Wealth increased its position in Masco by 2.6% during the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after buying an additional 265 shares in the last quarter. CW Advisors LLC acquired a new stake in Masco in the second quarter worth about $238,000. Bank of Nova Scotia boosted its holdings in Masco by 14.8% in the second quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after acquiring an additional 3,294 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Masco during the second quarter worth about $415,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Masco by 4.6% during the second quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 1,413 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MAS. UBS Group decreased their price objective on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. DA Davidson initiated coverage on shares of Masco in a research note on Monday, August 24th. They set a “neutral” rating and a $80.00 price objective for the company. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Finally, Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $79.88.

Masco Price Performance

Shares of NYSE:MAS opened at $73.28 on Monday. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The company has a market cap of $14.45 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. The company’s 50 day moving average is $76.70 and its 200 day moving average is $71.11.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, sell-side analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

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

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

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.