Heath Eisman Sells 747 Shares of Masco (NYSE:MAS) Stock

Masco Corporation (NYSE:MAS) CAO Heath Eisman sold 747 shares of the company’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the transaction, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Masco Price Performance

MAS opened at $71.58 on Friday. The stock’s 50-day moving average price is $69.58 and its 200 day moving average price is $68.57. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $79.19. The firm has a market cap of $14.57 billion, a price-to-earnings ratio of 18.59, a PEG ratio of 2.04 and a beta of 1.28. The company has a current ratio of 1.81, a quick ratio of 1.14 and a debt-to-equity ratio of 38.75.

Masco (NYSE:MAS) last issued its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.82 billion. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’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. As a group, sell-side analysts expect that Masco Corporation will post 4.34 earnings per share for the current year.

Masco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 20th will be given a dividend of $0.32 per share. This is an increase from Masco’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 20th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Masco’s dividend payout ratio is presently 33.25%.

Masco announced that its board has authorized a share buyback plan on Tuesday, February 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Evercore set a $78.00 price objective on shares of Masco in a research note on Wednesday, February 11th. Barclays reissued an “equal weight” rating and issued a $71.00 target price (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Wells Fargo & Company boosted their price objective on Masco from $78.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Finally, Oppenheimer restated an “outperform” rating and set a $88.00 target price on shares of Masco in a research report on Wednesday, February 11th. Seven equities research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $76.94.

Hedge Funds Weigh In On Masco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Masco in the 4th quarter valued at approximately $194,818,000. Wellington Management Group LLP acquired a new stake in Masco in the third quarter valued at $192,948,000. Jacobs Levy Equity Management Inc. boosted its position in shares of Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after purchasing an additional 1,901,815 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Masco by 6.6% during the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock worth $1,858,252,000 after purchasing an additional 1,780,673 shares during the period. Finally, Holocene Advisors LP grew its stake in shares of Masco by 48.6% during the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock worth $321,889,000 after purchasing an additional 1,635,746 shares during the period. Institutional investors and hedge funds own 93.91% 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.