Manning & Napier Advisors LLC Purchases New Holdings in Masco Corporation $MAS

Manning & Napier Advisors LLC acquired a new position in Masco Corporation (NYSE:MAS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 7,335 shares of the construction company’s stock, valued at approximately $597,000.

Several other large investors have also recently bought and sold shares of the company. Boston Trust Walden Corp increased its position in Masco by 37.7% in the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock worth $43,080,000 after purchasing an additional 195,509 shares during the period. Balefire LLC bought a new stake in Masco during the 1st quarter worth about $1,021,000. Oppenheimer Asset Management Inc. bought a new stake in Masco during the 2nd quarter worth about $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Masco during the 4th quarter valued at about $1,411,000. Finally, MGO One Seven LLC lifted its position in Masco by 135.1% during the 4th quarter. MGO One Seven LLC now owns 17,820 shares of the construction company’s stock valued at $1,131,000 after purchasing an additional 10,239 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of MAS opened at $73.08 on Wednesday. The stock has a market cap of $14.41 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64. The stock’s 50-day moving average price is $76.74 and its two-hundred day moving average price is $71.08. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07.

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

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Masco’s payout ratio is currently 29.43%.

Masco announced that its board has authorized a stock buyback program on Thursday, May 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

MAS has been the subject of several analyst reports. UBS Group lowered their price target on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a report on Monday, August 3rd. Wells Fargo & Company raised their price objective on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Finally, Citigroup dropped their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.88.

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.