Founders Financial Securities LLC purchased a new stake in shares of Masco Corporation (NYSE:MAS – Free Report) during the 3rd quarter, Holdings Channel reports. The fund purchased 10,250 shares of the construction company’s stock, valued at approximately $691,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Latitude Advisors LLC bought a new position in shares of Masco in the 3rd quarter valued at $30,000. Bell Investment Advisors Inc acquired a new position in shares of Masco in the 2nd quarter worth approximately $32,000. Pension & Wealth Management Advisors Inc. bought a new stake in Masco during the third quarter valued at $36,000. Johnson Financial Group Inc. acquired a new stake in Masco during the 2nd quarter worth about $49,000. Finally, Root Financial Partners LLC lifted its stake in shares of Masco by 106.3% in the 1st quarter. Root Financial Partners LLC now owns 879 shares of the construction company’s stock valued at $53,000 after purchasing an additional 453 shares during the period. Institutional investors own 93.91% of the company’s stock.
Masco Stock Performance
Shares of Masco stock opened at $80.71 on Friday. The company has a market cap of $15.56 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.64. The business has a 50 day moving average price of $71.26 and a 200-day moving average price of $70.88. The company has a quick ratio of 1.22, a current ratio of 1.83 and a debt-to-equity ratio of 109.07.
Masco (NYSE:MAS – Get Free Report) last announced its earnings results on Wednesday, October 28th. The construction company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.17. Masco had a negative return on equity of 1,807.69% and a net margin of 12.07%. The company had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.93 billion. During the same quarter in the previous year, the firm earned $0.97 earnings per share. Masco’s quarterly revenue was up 2.6% on a year-over-year basis. Equities analysts anticipate that Masco Corporation will post 4.72 earnings per share for the current fiscal year.
Masco Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 23rd. Shareholders of record on Friday, November 6th will be paid a $0.32 dividend. The ex-dividend date is Friday, November 6th. This represents a $1.28 annualized dividend and a yield of 1.6%. Masco’s dividend payout ratio (DPR) is 27.71%.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on MAS. Robert W. Baird lifted their target price on Masco from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. The Goldman Sachs Group reissued a “buy” rating and set a $95.00 price objective on shares of Masco in a research report on Wednesday. Oppenheimer reaffirmed an “outperform” rating and issued a $90.00 target price (up from $88.00) on shares of Masco in a research report on Wednesday. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 16th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and an average price target of $80.94.
Trending Headlines about Masco
Here are the key news stories impacting Masco this week:
- Positive Sentiment: Masco reported third-quarter earnings of $1.19 per share, exceeding the $1.02 consensus estimate, while revenue of $1.97 billion also topped expectations. Earnings increased from $0.97 per share a year earlier, helping drive the stock’s gap higher. Masco Shares Gap Up After Better-Than-Expected Earnings
- Positive Sentiment: Management provided fourth-quarter 2026 earnings guidance, giving investors additional visibility into the company’s outlook. Masco Provides Fourth-Quarter Earnings Guidance
- Positive Sentiment: UBS raised its price target to $98 from $94 and maintained a Buy rating. Truist also raised its target to $90 from $85 and upgraded its stance to Buy, adding to bullish analyst sentiment.
- Positive Sentiment: One valuation analysis estimates that Masco may be approximately 18% undervalued based on its third-quarter results, suggesting potential upside if earnings remain durable. Masco May Be 18% Undervalued on Third-Quarter Results
About Masco
Masco Corporation (NYSE: MAS) is a manufacturer of branded home improvement and building products. The company’s portfolio includes faucets, showering and bathing products, architectural coatings, decorative hardware and related products sold to residential and commercial customers.
Masco operates through two principal areas: Plumbing Products and Decorative Architectural Products. Its brands include Delta Faucet, Brizo, Hansgrohe, Behr Paint and Kichler Lighting, among others. These products are distributed through home improvement retailers, specialty dealers, distributors and other channels.
Founded in 1929 by Alex Manoogian, Masco is headquartered in Livonia, Michigan, and serves customers primarily in North America and Europe, with products sold in additional international markets.
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