Masco (NYSE:MAS) Sets New 52-Week High – Time to Buy?

Shares of Masco Corporation (NYSE:MAS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $79.85 and last traded at $80.0910, with a volume of 75652 shares trading hands. The stock had previously closed at $78.05.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAS shares. Robert W. Baird lifted their price target on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. UBS Group upped their price objective on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. The Goldman Sachs Group raised their price objective on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Truist Financial boosted their target price on shares of Masco from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Finally, Bank of America lowered their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $80.07.

Masco Stock Up 3.0%

The company has a market cap of $16.21 billion, a PE ratio of 19.98, a P/E/G ratio of 1.80 and a beta of 1.31. The business has a 50-day simple moving average of $70.30 and a 200-day simple moving average of $67.73. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07.

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

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.6%. Masco’s dividend payout ratio is currently 31.76%.

Masco declared that its board has authorized a share buyback program 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 programs are typically a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Masco

A number of institutional investors and hedge funds have recently modified their holdings of MAS. Redwood Investment Management LLC purchased a new position in Masco in the 1st quarter valued at about $1,054,000. NewEdge Advisors LLC increased its stake in Masco by 7.5% during the 1st quarter. NewEdge Advisors LLC now owns 17,616 shares of the construction company’s stock worth $1,064,000 after buying an additional 1,236 shares in the last quarter. Summitry LLC acquired a new position in shares of Masco during the first quarter valued at approximately $207,000. Wellington Grp LLC lifted its position in shares of Masco by 51.7% in the first quarter. Wellington Grp LLC now owns 2,033 shares of the construction company’s stock valued at $123,000 after acquiring an additional 693 shares in the last quarter. Finally, Kentucky Retirement Systems raised its stake in Masco by 122.5% in the 1st quarter. Kentucky Retirement Systems now owns 29,473 shares of the construction company’s stock valued at $1,779,000 after purchasing an additional 16,226 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

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.