Wellington Management Group LLP Sells 445,709 Shares of Masco Corporation $MAS

Wellington Management Group LLP trimmed its stake in shares of Masco Corporation (NYSE:MAS) by 10.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,789,629 shares of the construction company’s stock after selling 445,709 shares during the period. Wellington Management Group LLP owned 1.92% of Masco worth $308,362,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Masco during the second quarter valued at about $1,278,943,000. Norges Bank purchased a new stake in shares of Masco in the fourth quarter worth about $194,818,000. Bank of America Corp DE bought a new position in Masco during the second quarter valued at approximately $178,424,000. Bank of New York Mellon Corp purchased a new position in Masco during the 2nd quarter valued at approximately $156,668,000. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock valued at $164,046,000 after buying an additional 1,901,815 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Price Performance

Shares of MAS stock opened at $73.28 on Monday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The firm has a market capitalization of $14.45 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.85 and a beta of 1.30. The stock has a 50 day moving average price of $76.70 and a 200 day moving average price of $71.11.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. Masco’s dividend payout ratio is 29.43%.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on MAS. Truist Financial decreased their price objective on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company raised their target price on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. 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 report on Thursday, July 30th. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $74.00 price objective on shares of Masco in a research note on Monday, August 3rd. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Masco has a consensus rating of “Hold” and an average target price of $79.88.

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.