Thrivent Financial for Lutherans Trims Stake in Masco Corporation $MAS

Thrivent Financial for Lutherans lessened its position in shares of Masco Corporation (NYSE:MAS) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 191,921 shares of the construction company’s stock after selling 10,310 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.09% of Masco worth $12,179,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Rossby Financial LCC boosted its holdings in Masco by 134.2% in the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after buying an additional 212 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in shares of Masco during the third quarter valued at approximately $26,000. Bogart Wealth LLC raised its holdings in shares of Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after acquiring an additional 408 shares during the last quarter. Community Bank N.A. purchased a new position in shares of Masco in the third quarter valued at approximately $34,000. Finally, Headlands Technologies LLC lifted its position in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Insider Transactions at Masco

In other news, CAO Heath M. Eisman sold 747 shares of Masco stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the sale, the chief accounting officer owned 12,510 shares of the company’s stock, valued at $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of analyst reports. Oppenheimer restated an “outperform” rating and issued a $88.00 price target on shares of Masco in a research report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price objective on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Barclays upped their target price on Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Truist Financial lifted their price target on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Finally, Zelman & Associates cut shares of Masco to a “hold” rating in a research report on Wednesday, February 11th. Eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Masco presently has an average rating of “Hold” and an average price target of $80.07.

Masco Trading Up 0.6%

MAS opened at $65.54 on Tuesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. Masco Corporation has a one year low of $58.16 and a one year high of $79.19. The company has a market cap of $13.22 billion, a P/E ratio of 16.26, a PEG ratio of 1.60 and a beta of 1.34. The business’s 50-day simple moving average is $64.98 and its 200-day simple moving average is $66.17.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $2.07 billion. During the same period in the previous year, the business earned $0.87 EPS. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, equities research analysts expect that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco declared that its Board of Directors has initiated a share buyback plan on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to repurchase up to 13.5% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, May 22nd. Masco’s dividend payout ratio (DPR) is 31.76%.

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.