7,535 Shares in Masco Corporation $MAS Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC purchased a new stake in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 7,535 shares of the construction company’s stock, valued at approximately $613,000.

Several other large investors have also modified their holdings of the business. Bard Associates Inc. purchased a new position in shares of Masco during the 4th quarter worth $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Masco during the 3rd quarter worth about $26,000. Bogart Wealth LLC raised its holdings in Masco by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after buying an additional 408 shares during the period. Bell Investment Advisors Inc purchased a new stake in Masco in the 2nd quarter valued at about $32,000. Finally, Headlands Technologies LLC lifted its position in Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Barclays reduced their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Royal Bank Of Canada upped 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. Robert W. Baird increased their price objective on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Finally, Truist Financial dropped their target price on shares of Masco from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $79.87.

Masco Trading Up 2.5%

Shares of MAS stock opened at $75.20 on Thursday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The company has a 50 day moving average price of $76.82 and a 200 day moving average price of $70.93. The stock has a market capitalization of $14.83 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86.

Masco (NYSE:MAS) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the business earned $1.30 EPS. The firm’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco declared that its board has approved a stock 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 repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Masco Dividend Announcement

The business also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio (DPR) is presently 29.43%.

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.