Swiss National Bank Sells 32,600 Shares of Masco Corporation $MAS

Swiss National Bank lessened its position in Masco Corporation (NYSE:MAS) by 5.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 608,100 shares of the construction company’s stock after selling 32,600 shares during the period. Swiss National Bank owned approximately 0.29% of Masco worth $42,804,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. WINTON GROUP Ltd raised its position in shares of Masco by 4,026.6% during the third quarter. WINTON GROUP Ltd now owns 266,081 shares of the construction company’s stock worth $18,729,000 after purchasing an additional 259,633 shares during the period. Russell Investments Group Ltd. grew its position in Masco by 163.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 661,494 shares of the construction company’s stock valued at $46,562,000 after purchasing an additional 410,471 shares during the period. Private Advisor Group LLC increased its stake in Masco by 25.0% during the 3rd quarter. Private Advisor Group LLC now owns 9,324 shares of the construction company’s stock valued at $656,000 after purchasing an additional 1,867 shares in the last quarter. Jefferies Financial Group Inc. increased its stake in Masco by 262.2% during the 3rd quarter. Jefferies Financial Group Inc. now owns 47,351 shares of the construction company’s stock valued at $3,333,000 after purchasing an additional 34,279 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in Masco by 4.2% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 9,030 shares of the construction company’s stock worth $636,000 after buying an additional 367 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Insider Transactions at Masco

In other Masco news, CAO Heath M. Eisman sold 747 shares of Masco stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the sale, the chief accounting officer owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Masco Stock Performance

Shares of Masco stock opened at $60.59 on Friday. The business’s fifty day simple moving average is $69.74 and its 200 day simple moving average is $68.07. 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 12 month low of $56.55 and a 12 month high of $79.19. The firm has a market capitalization of $12.34 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, analysts anticipate that Masco Corporation will post 4.34 EPS for the current year.

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

Masco Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 20th. This is an increase from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 2.1%. Masco’s dividend payout ratio (DPR) is currently 33.25%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. Wells Fargo & Company upped their target price on shares of Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Zelman & Associates cut shares of Masco to a “hold” rating in a research report on Wednesday, February 11th. Oppenheimer reiterated an “outperform” rating and set a $88.00 price target on shares of Masco in a research note on Wednesday, February 11th. Finally, BMO Capital Markets reissued a “market perform” rating and set a $77.00 price objective on shares of Masco in a report on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.