Foster Victor Wealth Advisors LLC Buys 8,457 Shares of Masco Corporation $MAS

Foster Victor Wealth Advisors LLC increased its holdings in Masco Corporation (NYSE:MAS) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 233,239 shares of the construction company’s stock after acquiring an additional 8,457 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Masco were worth $16,436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MAS. Rossby Financial LCC lifted its holdings in Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after acquiring an additional 212 shares during the period. Sunbelt Securities Inc. bought a new stake in Masco during the third quarter worth $26,000. Community Bank N.A. bought a new stake in Masco during the third quarter worth $34,000. Headlands Technologies LLC lifted its holdings in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after acquiring an additional 293 shares during the period. Finally, Caldwell Trust Co bought a new stake in Masco during the second quarter worth $37,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 747 shares of the stock in a transaction 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 directly owned 12,510 shares of the company’s stock, valued at approximately $899,719.20. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.50% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $64.98 on Wednesday. The stock has a fifty day simple moving average of $66.47 and a two-hundred day simple moving average of $66.00. Masco Corporation has a 1-year low of $56.55 and a 1-year high of $79.19. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 1.82 and a beta of 1.29. 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 announced its quarterly earnings data on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $1.82 billion. During the same period in the prior year, the company earned $0.89 earnings per share. Masco’s 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. Analysts anticipate that Masco Corporation will post 4.34 earnings per share for the current year.

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

Masco Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages recently commented on MAS. Zelman & Associates lowered Masco to a “hold” rating in a report on Wednesday, February 11th. Royal Bank Of Canada lifted their price target on Masco from $67.00 to $74.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 11th. Barclays dropped their price target on Masco from $71.00 to $65.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Evercore upgraded Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price target on the stock in a report on Monday. Finally, Robert W. Baird set a $82.00 price target on Masco in a report on Wednesday, February 11th. Seven research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.93.

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.