Cary Street Partners Financial LLC Sells 10,315 Shares of Masco Corporation $MAS

Cary Street Partners Financial LLC reduced its stake in Masco Corporation (NYSE:MAS) by 50.6% in the 4th quarter, HoldingsChannel reports. The firm owned 10,075 shares of the construction company’s stock after selling 10,315 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Masco were worth $639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MAS. Mediolanum International Funds Ltd bought a new stake in shares of Masco during the third quarter worth about $16,398,000. Nordea Investment Management AB grew its position in Masco by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock worth $278,619,000 after purchasing an additional 267,012 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in Masco by 347.5% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 102,810 shares of the construction company’s stock valued at $7,237,000 after purchasing an additional 79,834 shares during the period. National Pension Service grew its stake in Masco by 38.2% in the 3rd quarter. National Pension Service now owns 110,856 shares of the construction company’s stock valued at $7,803,000 after purchasing an additional 30,617 shares during the period. Finally, Atria Investments Inc grew its stake in Masco by 31.8% in the 3rd quarter. Atria Investments Inc now owns 106,086 shares of the construction company’s stock valued at $7,467,000 after purchasing an additional 25,608 shares during the period. 93.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAS has been the subject of several research reports. The Goldman Sachs Group increased their price target on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Citigroup cut their target price on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Bank of America cut their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, UBS Group raised their price target on shares of Masco from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Masco presently has an average rating of “Hold” and an average price target of $80.07.

Masco Stock Performance

NYSE:MAS opened at $70.32 on Friday. The business has a 50 day moving average of $66.04 and a 200 day moving average of $66.44. The company has a market capitalization of $14.19 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.74 and a beta of 1.34. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $79.19. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, sell-side analysts predict that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 22nd will be given a $0.32 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.8%. Masco’s payout ratio is presently 31.76%.

Masco declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to purchase up to 13.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

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.