NEOS Investment Management LLC Has $1.78 Million Stock Holdings in Masco Corporation $MAS

NEOS Investment Management LLC boosted its position in Masco Corporation (NYSE:MAS) by 47.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,263 shares of the construction company’s stock after buying an additional 8,086 shares during the period. NEOS Investment Management LLC’s holdings in Masco were worth $1,778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MAS. Vanguard Group Inc. increased its holdings in shares of Masco by 6.6% during the second quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock valued at $1,858,252,000 after acquiring an additional 1,780,673 shares in the last quarter. Boston Partners lifted its holdings in shares of Masco by 16.3% in the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock worth $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Geode Capital Management LLC grew its position in Masco by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after purchasing an additional 60,672 shares during the period. JPMorgan Chase & Co. increased its stake in Masco by 32.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock valued at $357,976,000 after purchasing an additional 1,240,322 shares in the last quarter. Finally, Holocene Advisors LP raised its holdings in Masco by 48.6% during the second quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after buying an additional 1,635,746 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $75.21 on Friday. The company has a market capitalization of $15.31 billion, a PE ratio of 19.54, a PEG ratio of 2.13 and a beta of 1.28. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75. The stock’s 50 day moving average price is $68.79 and its 200-day moving average price is $68.48. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $79.19.

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

Masco Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Friday, February 20th will be given a dividend of $0.32 per share. The ex-dividend date is 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 1.7%. Masco’s dividend payout ratio (DPR) is currently 32.21%.

Masco declared that its board has authorized 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 repurchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Masco from $71.00 to $84.00 and gave the company a “neutral” rating in a report on Thursday, February 12th. Robert W. Baird set a $82.00 price target on Masco in a research note on Wednesday, February 11th. Barclays reissued an “equal weight” rating and set a $71.00 price objective (down from $76.00) on shares of Masco in a report on Monday, December 8th. Evercore set a $78.00 target price on Masco in a report on Wednesday, February 11th. Finally, Argus cut their target price on Masco from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Seven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the stock presently 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.