State of Wyoming Purchases New Shares in Masco Corporation $MAS

State of Wyoming acquired a new position in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,220 shares of the construction company’s stock, valued at approximately $750,000.

Other institutional investors have also recently made changes to their positions in the company. Boston Trust Walden Corp boosted its stake in shares of Masco by 37.7% in the 1st quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock worth $43,080,000 after buying an additional 195,509 shares during the last quarter. Balefire LLC purchased a new stake in shares of Masco during the first quarter valued at approximately $1,021,000. Oppenheimer Asset Management Inc. lifted its holdings in Masco by 6.1% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 157,237 shares of the construction company’s stock worth $9,978,000 after acquiring an additional 9,107 shares during the period. Teacher Retirement System of Texas lifted its holdings in Masco by 40.4% during the fourth quarter. Teacher Retirement System of Texas now owns 365,472 shares of the construction company’s stock worth $23,193,000 after acquiring an additional 105,110 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Masco in the fourth quarter worth $1,411,000. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. Bank of America decreased their target price on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. The Goldman Sachs Group boosted their price target on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Barclays reduced their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Thursday, July 30th. Royal Bank Of Canada raised their price objective on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Finally, BMO Capital Markets dropped their target price on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $79.87.

Masco Stock Performance

Shares of MAS opened at $74.27 on Monday. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64. 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 stock’s fifty day moving average price is $76.62 and its two-hundred day moving average price is $70.77. The firm has a market cap of $14.65 billion, a PE ratio of 17.07, a PEG 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 for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company earned $1.30 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Dividend Announcement

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

Masco announced that its Board of Directors has approved a share buyback plan on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Masco Company 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.