NEOS Investment Management LLC Buys 8,086 Shares of Masco Corporation $MAS

NEOS Investment Management LLC grew its stake in shares of Masco Corporation (NYSE:MAS) by 47.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,263 shares of the construction company’s stock after buying an additional 8,086 shares during the quarter. NEOS Investment Management LLC’s holdings in Masco were worth $1,778,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MAS. Vanguard Group Inc. boosted its holdings in shares of Masco by 6.6% during the 2nd 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 raised its position in Masco by 16.3% in the second quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after purchasing an additional 810,881 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Masco by 1.2% during the second 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Masco by 32.3% during the third 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 grew its holdings in shares of 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 purchasing an additional 1,635,746 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on MAS shares. Wells Fargo & Company raised their price objective on shares of Masco from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. UBS Group dropped their price target on shares of Masco from $85.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada lifted their price target on shares of Masco from $67.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. Zelman & Associates cut shares of Masco to a “hold” rating in a research note on Wednesday, February 11th. Finally, Barclays reaffirmed an “equal weight” rating and set a $71.00 target price (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Seven analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $76.94.

Masco Trading Up 0.2%

MAS opened at $75.21 on Friday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $79.19. The company has a fifty day moving average of $68.79 and a 200-day moving average of $68.48. The stock has a market cap of $15.31 billion, a PE ratio of 19.54, a price-to-earnings-growth 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.

Masco (NYSE:MAS) last released its earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Masco had a net margin of 10.71% and a return on equity of 856.70%. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the previous year, the business earned $0.89 earnings per share. Masco’s revenue for the quarter 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, sell-side analysts predict that Masco Corporation will post 4.34 EPS for the current year.

Masco announced that its board has authorized a stock repurchase plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to purchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Masco Increases Dividend

The business also recently announced 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. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, February 20th. This is a boost from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is presently 32.21%.

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.