Harvest Investment Advisors LLC Invests $1.63 Million in Masco Corporation $MAS

Harvest Investment Advisors LLC purchased a new position in shares of Masco Corporation (NYSE:MAS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 25,698 shares of the construction company’s stock, valued at approximately $1,631,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MAS. Focus Partners Wealth raised its position in shares of Masco by 2.6% during the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock worth $724,000 after purchasing an additional 265 shares during the period. CW Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $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 period. WINTON GROUP Ltd acquired a new stake in shares of Masco during the 2nd quarter worth approximately $415,000. Finally, Daiwa Securities Group Inc. grew its holdings in Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after buying an additional 1,413 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MAS. Barclays increased their price objective on Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. The Goldman Sachs Group increased their price objective on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. UBS Group increased their price objective on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Wells Fargo & Company increased their price objective on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Finally, Robert W. Baird increased their price objective on Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $80.07.

Masco Stock Performance

Shares of NYSE MAS opened at $74.87 on Wednesday. The stock has a fifty day moving average price of $68.81 and a two-hundred day moving average price of $67.31. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. The firm has a market cap of $15.10 billion, a P/E ratio of 18.58, a PEG ratio of 1.83 and a beta of 1.31. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $79.19.

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

Masco announced that its Board of Directors has approved a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is presently 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.