Masco Corporation $MAS Shares Newly Purchased by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC bought a new stake in Masco Corporation (NYSE:MAS) during the third quarter, HoldingsChannel reports. The institutional investor bought 8,186 shares of the construction company’s stock, valued at approximately $552,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Masco during the 2nd quarter worth approximately $1,278,943,000. Bank of America Corp DE purchased a new position in Masco in the second quarter valued at approximately $178,424,000. Amundi lifted its stake in Masco by 17.5% in the first quarter. Amundi now owns 2,152,818 shares of the construction company’s stock valued at $129,977,000 after purchasing an additional 320,230 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Masco by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 1,961,592 shares of the construction company’s stock valued at $118,421,000 after purchasing an additional 158,231 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Masco during the second quarter valued at $149,673,000. 93.91% of the stock is owned by institutional investors.

Masco Stock Performance

Masco stock traded up $0.27 during mid-day trading on Friday, reaching $72.85. The company’s stock had a trading volume of 2,207,441 shares, compared to its average volume of 2,272,818. The firm’s fifty day moving average price is $70.83 and its two-hundred day moving average price is $71.52. 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 Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a market capitalization of $14.36 billion, a P/E ratio of 16.75, a PEG ratio of 1.83 and a beta of 1.30.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. The business’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. Sell-side analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were issued a dividend of $0.32 per share. 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 1.8%. Masco’s dividend payout ratio is 29.43%.

Analysts Set New Price Targets

A number of analysts have issued reports on MAS shares. Wells Fargo & Company decreased their target price on Masco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, September 11th. Melius Research initiated coverage on Masco in a research note on Tuesday, October 6th. They issued a “hold” rating and a $75.00 target price on the stock. UBS Group dropped their price target on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Truist Financial cut their price target on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Six analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Masco has a consensus rating of “Hold” and a consensus price target of $79.12.

About Masco

Masco Corporation is a manufacturer of branded home-improvement and building products. The company operates primarily through two product areas: plumbing products and decorative architectural products, serving residential, commercial and professional customers involved in new construction, remodeling and repair.

Masco’s plumbing portfolio includes faucets, showering products, sinks, spas and related fixtures marketed under brands such as Delta Faucet, Brizo, Peerless, Hansgrohe and HotSpring.