Perigon Wealth Management LLC Takes Position in Masco Corporation $MAS

Perigon Wealth Management LLC bought a new position in shares of Masco Corporation (NYSE:MAS) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 7,535 shares of the construction company’s stock, valued at approximately $613,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Focus Partners Wealth grew its position in shares of Masco by 2.6% in the first quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the period. CW Advisors LLC purchased a new stake in shares of Masco during the second quarter worth about $238,000. Bank of Nova Scotia raised its position in shares of Masco by 14.8% during the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after purchasing an additional 3,294 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Masco in the 2nd quarter valued at about $415,000. Finally, Daiwa Securities Group Inc. lifted its stake in Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock valued at $2,049,000 after buying an additional 1,413 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a research report on Monday, August 3rd. The Goldman Sachs Group lifted 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. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $79.87.

Masco Stock Performance

MAS opened at $75.20 on Thursday. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The firm has a market capitalization of $14.83 billion, a PE ratio of 17.29, a PEG ratio of 1.86 and a beta of 1.30. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The firm’s 50-day moving average price is $76.82 and its 200 day moving average price is $70.93.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS 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 company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. Masco’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Masco declared that its board has authorized a share buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Masco 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.