Masco Corporation $MAS Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC boosted its stake in shares of Masco Corporation (NYSE:MAS) by 80.9% in the third quarter, HoldingsChannel.com reports. The fund owned 41,008 shares of the construction company’s stock after purchasing an additional 18,335 shares during the period. Orion Porfolio Solutions LLC’s holdings in Masco were worth $2,887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gateway Investment Advisers LLC increased its stake in shares of Masco by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after purchasing an additional 143 shares in the last quarter. Pallas Capital Advisors LLC lifted its stake in Masco by 1.4% in the 3rd quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock valued at $854,000 after buying an additional 162 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in Masco by 21.6% in the 3rd quarter. Clearstead Advisors LLC now owns 947 shares of the construction company’s stock worth $67,000 after buying an additional 168 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Masco by 3.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock worth $372,000 after buying an additional 171 shares during the last quarter. Finally, Foster & Motley Inc. increased its stake in Masco by 0.6% during the 3rd quarter. Foster & Motley Inc. now owns 27,077 shares of the construction company’s stock worth $1,906,000 after buying an additional 173 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MAS shares. Barclays reissued an “equal weight” rating and set a $71.00 target price (down from $76.00) on shares of Masco in a report on Monday, December 8th. Citigroup boosted their price target on Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. BMO Capital Markets restated a “market perform” rating and issued a $77.00 price objective on shares of Masco in a report on Thursday, February 12th. Finally, Wells Fargo & Company lifted their target price on shares of Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Seven investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat.com, Masco presently has a consensus rating of “Hold” and a consensus price target of $76.94.

Masco Price Performance

NYSE:MAS opened at $64.15 on Tuesday. Masco Corporation has a one year low of $56.55 and a one year high of $79.19. The stock has a market cap of $13.06 billion, a PE ratio of 16.66, a P/E/G ratio of 1.81 and a beta of 1.27. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. The stock has a 50 day moving average price of $69.83 and a 200 day moving average price of $68.24.

Masco (NYSE:MAS) last issued 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 return on equity of 856.70% and a net margin of 10.71%.The company had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the prior year, the business earned $0.89 EPS. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts expect that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were issued a $0.32 dividend. This is an increase from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Friday, February 20th. Masco’s payout ratio is currently 33.25%.

Masco announced that its Board of Directors has initiated a share buyback program on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity

In related news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the sale, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.50% of the company’s stock.

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.