Natixis Advisors LLC Has $16.72 Million Holdings in Masco Corporation $MAS

Natixis Advisors LLC grew its position in shares of Masco Corporation (NYSE:MAS) by 27.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 237,508 shares of the construction company’s stock after buying an additional 51,871 shares during the quarter. Natixis Advisors LLC’s holdings in Masco were worth $16,718,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of MAS. Vanguard Group Inc. boosted its holdings in shares of Masco by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 28,872,772 shares of the construction company’s stock worth $1,858,252,000 after acquiring an additional 1,780,673 shares in the last quarter. Boston Partners increased its holdings in Masco by 16.3% during the 2nd quarter. Boston Partners now owns 5,791,561 shares of the construction company’s stock valued at $372,859,000 after purchasing an additional 810,881 shares in the last quarter. Geode Capital Management LLC increased its holdings in Masco by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 5,296,209 shares of the construction company’s stock valued at $339,391,000 after purchasing an additional 60,672 shares in the last quarter. JPMorgan Chase & Co. raised its position in Masco by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock valued at $357,976,000 after purchasing an additional 1,240,322 shares during the last quarter. Finally, Holocene Advisors LP raised its position in Masco by 48.6% in the 2nd quarter. Holocene Advisors LP now owns 5,001,386 shares of the construction company’s stock valued at $321,889,000 after purchasing an additional 1,635,746 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Stock Down 1.5%

NYSE MAS opened at $62.49 on Thursday. The stock has a market capitalization of $12.72 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 1.80 and a beta of 1.27. Masco Corporation has a 52 week low of $56.55 and a 52 week high of $79.19. The company has a debt-to-equity ratio of 38.75, a quick ratio of 1.14 and a current ratio of 1.81. The stock has a fifty day moving average of $69.79 and a 200-day moving average of $68.12.

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, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.82 billion. Masco had a return on equity of 856.70% and a net margin of 10.71%.The firm’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current year.

Masco declared that its Board of Directors has initiated a share repurchase 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 shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, February 20th. This is a boost from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is currently 33.25%.

Insider Activity

In other news, CAO Heath M. Eisman sold 747 shares of Masco stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the sale, the chief accounting officer owned 12,510 shares in the company, valued at $899,719.20. The trade was a 5.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.50% of the company’s stock.

Wall Street Analysts Forecast Growth

MAS has been the topic of several research analyst reports. Evercore set a $78.00 target price on Masco in a report on Wednesday, February 11th. Wells Fargo & Company lifted their price target on Masco from $78.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Citigroup upped their price target on shares of Masco from $71.00 to $84.00 and gave the stock a “neutral” rating in a research report on Thursday, February 12th. Zelman & Associates lowered shares of Masco to a “hold” rating in a report on Wednesday, February 11th. Finally, Barclays restated an “equal weight” rating and issued a $71.00 price objective (down from $76.00) on shares of Masco in a research report on Monday, December 8th. Six analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, Masco has a consensus rating of “Hold” and an average target price of $76.94.

Masco Company 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.