Crestwood Advisors Group LLC Sells 6,684 Shares of Masco Corporation $MAS

Crestwood Advisors Group LLC cut its holdings in shares of Masco Corporation (NYSE:MAS) by 42.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,056 shares of the construction company’s stock after selling 6,684 shares during the period. Crestwood Advisors Group LLC’s holdings in Masco were worth $637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gateway Investment Advisers LLC grew its holdings in shares of Masco by 0.3% during the third quarter. Gateway Investment Advisers LLC now owns 44,241 shares of the construction company’s stock worth $3,114,000 after purchasing an additional 143 shares during the last quarter. Pallas Capital Advisors LLC lifted its position in Masco by 1.4% during the 3rd quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock worth $854,000 after buying an additional 162 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in Masco by 3.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 5,284 shares of the construction company’s stock worth $372,000 after acquiring an additional 171 shares during the last quarter. Foster & Motley Inc. grew its holdings in Masco by 0.6% during the 3rd quarter. Foster & Motley Inc. now owns 27,077 shares of the construction company’s stock worth $1,906,000 after acquiring an additional 173 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its position in Masco by 2.8% in the 2nd quarter. Transcend Capital Advisors LLC now owns 6,503 shares of the construction company’s stock valued at $419,000 after acquiring an additional 176 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Masco Stock Performance

MAS stock opened at $76.74 on Thursday. 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 market cap of $15.63 billion, a P/E ratio of 19.93, a price-to-earnings-growth ratio of 2.16 and a beta of 1.28. The business’s fifty day moving average is $68.35 and its 200-day moving average is $68.39.

Masco (NYSE:MAS) last announced its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.89 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Friday, February 20th will be given a $0.32 dividend. The ex-dividend date is Friday, February 20th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is 32.21%.

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

Wall Street Analyst Weigh In

MAS has been the topic of several research analyst reports. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Wells Fargo & Company upped their price objective on Masco from $78.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Oppenheimer reissued an “outperform” rating and issued a $88.00 target price on shares of Masco in a research note on Wednesday, February 11th. Zelman & Associates lowered Masco to a “hold” rating in a research note on Wednesday, February 11th. Finally, Royal Bank Of Canada raised their price target on Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a report on Wednesday, February 11th. Seven analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $76.94.

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.