Masco Corporation $MAS Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Masco Corporation (NYSE:MAS) by 4,851.0% during the 2nd quarter, Holdings Channel reports. The fund owned 470,545 shares of the construction company’s stock after purchasing an additional 461,041 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Masco were worth $38,288,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Greenleaf Trust boosted its position in Masco by 3.8% in the 2nd quarter. Greenleaf Trust now owns 12,535 shares of the construction company’s stock worth $1,020,000 after purchasing an additional 460 shares in the last quarter. Mufg Securities Americas Inc. increased its holdings in shares of Masco by 7.8% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,076 shares of the construction company’s stock valued at $494,000 after purchasing an additional 442 shares in the last quarter. Nissay Asset Management Corp Japan increased its holdings in shares of Masco by 1.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 26,659 shares of the construction company’s stock valued at $2,169,000 after purchasing an additional 254 shares in the last quarter. Hsbc Holdings PLC lifted its stake in shares of Masco by 7.2% in the 2nd quarter. Hsbc Holdings PLC now owns 369,842 shares of the construction company’s stock valued at $30,116,000 after purchasing an additional 24,934 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new stake in Masco during the second quarter worth $356,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Down 2.7%

MAS stock opened at $70.24 on Wednesday. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.64. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The firm has a 50-day simple moving average of $76.61 and a 200-day simple moving average of $71.02. The stock has a market capitalization of $13.85 billion, a P/E ratio of 16.15, a P/E/G ratio of 1.83 and a beta of 1.30.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period last year, the company posted $1.30 EPS. Masco’s quarterly revenue was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco declared that its board has approved a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 24th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s payout ratio is currently 29.43%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Truist Financial lowered their target price on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company raised their target price on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research note on Monday, August 3rd. Finally, DA Davidson initiated coverage on Masco in a research report on Monday, August 24th. They set a “neutral” rating and a $80.00 price target on the stock. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average target price of $79.88.

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.