Vanguard Group Inc. Sells 721,060 Shares of Masco Corporation $MAS

Vanguard Group Inc. lessened its holdings in shares of Masco Corporation (NYSE:MAS) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,151,712 shares of the construction company’s stock after selling 721,060 shares during the period. Vanguard Group Inc. owned approximately 13.55% of Masco worth $1,981,599,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of MAS. Elevation Point Wealth Partners LLC bought a new position in Masco in the second quarter valued at approximately $28,000. Headlands Technologies LLC lifted its position in Masco by 114.5% in the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares in the last quarter. Caldwell Trust Co acquired a new position in Masco in the 2nd quarter worth $37,000. CYBER HORNET ETFs LLC acquired a new position in Masco in the 2nd quarter worth $37,000. Finally, MUFG Securities EMEA plc bought a new position in Masco during the 2nd quarter worth about $40,000. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MAS shares. Robert W. Baird set a $82.00 price target on Masco in a report on Wednesday, February 11th. Barclays restated an “equal weight” rating and issued a $71.00 target price (down previously from $76.00) on shares of Masco in a research note on Monday, December 8th. BMO Capital Markets reaffirmed a “market perform” rating and set a $77.00 price target on shares of Masco in a research report on Thursday, February 12th. Argus lowered their price objective on shares of Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Finally, Oppenheimer reissued an “outperform” rating and issued a $88.00 price objective on shares of Masco in a research report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $76.94.

Masco Trading Down 2.2%

Masco stock opened at $75.05 on Friday. The stock has a 50-day simple moving average of $68.56 and a 200 day simple moving average of $68.44. The stock has a market capitalization of $15.28 billion, a P/E ratio of 19.49, a PEG ratio of 2.18 and a beta of 1.28. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $79.19.

Masco (NYSE:MAS) last released 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 company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The business’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the firm posted $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Friday, February 20th will be issued a $0.32 dividend. This is an increase from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Friday, February 20th. Masco’s dividend payout ratio is presently 32.21%.

Masco declared that its Board of Directors has approved a share buyback plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are 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.