Oak Thistle LLC Purchases Shares of 33,451 Masco Corporation $MAS

Oak Thistle LLC purchased a new stake in Masco Corporation (NYSE:MAS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 33,451 shares of the construction company’s stock, valued at approximately $2,123,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp increased its position in Masco by 3.8% in the 3rd quarter. State Street Corp now owns 10,175,075 shares of the construction company’s stock valued at $716,224,000 after acquiring an additional 367,937 shares during the period. Boston Partners increased its position in Masco by 1.0% in the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares during the period. JPMorgan Chase & Co. increased its position in Masco by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock valued at $357,976,000 after acquiring an additional 1,240,322 shares during the period. Holocene Advisors LP increased its position in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after acquiring an additional 1,635,746 shares during the period. Finally, Nordea Investment Management AB increased 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 valued at $278,619,000 after acquiring an additional 267,012 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Down 0.8%

MAS opened at $59.18 on Wednesday. Masco Corporation has a twelve month low of $56.55 and a twelve month high of $79.19. The company has a quick ratio of 1.14, a current ratio of 1.81 and a debt-to-equity ratio of 38.75. The company has a fifty day moving average of $66.78 and a 200-day moving average of $66.26. The stock has a market cap of $12.01 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.68 and a beta of 1.29.

Masco (NYSE:MAS) last posted its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, topping 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 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 company posted $0.89 earnings per share. Masco’s revenue for the quarter was down 1.9% compared to the same quarter last year. 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 Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were issued a $0.32 dividend. The ex-dividend date was Friday, February 20th. This is a positive change from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 2.2%. Masco’s dividend payout ratio is 33.25%.

Masco announced that its board has approved a share repurchase program 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 stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Robert W. Baird set a $82.00 price target on shares of Masco in a research report on Wednesday, February 11th. Weiss Ratings cut shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 9th. Wells Fargo & Company increased their price objective on shares of Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Evercore set a $78.00 price objective on shares of Masco in a research report on Wednesday, February 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $77.00 price objective on shares of Masco in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $77.33.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value 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 SEC, which can be accessed through this hyperlink. 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.