GLOBALT Investments LLC GA Sells 28,095 Shares of Masco Corporation $MAS

GLOBALT Investments LLC GA decreased its stake in Masco Corporation (NYSE:MAS) by 87.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,082 shares of the construction company’s stock after selling 28,095 shares during the period. GLOBALT Investments LLC GA’s holdings in Masco were worth $259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Arrow Financial Corp lifted its stake in Masco by 1.6% in the 4th quarter. Arrow Financial Corp now owns 24,028 shares of the construction company’s stock valued at $1,525,000 after purchasing an additional 372 shares during the last quarter. North Dakota State Investment Board bought a new position in Masco in the 4th quarter valued at approximately $872,000. iA Global Asset Management Inc. raised its position in Masco by 19.8% in the fourth quarter. iA Global Asset Management Inc. now owns 25,126 shares of the construction company’s stock valued at $1,594,000 after purchasing an additional 4,144 shares during the last quarter. Canada Post Corp Registered Pension Plan raised its position in Masco by 30.2% in the fourth quarter. Canada Post Corp Registered Pension Plan now owns 4,791 shares of the construction company’s stock valued at $304,000 after purchasing an additional 1,110 shares during the last quarter. Finally, Applied Finance Capital Management LLC raised its position in Masco by 25.7% in the fourth quarter. Applied Finance Capital Management LLC now owns 5,339 shares of the construction company’s stock valued at $339,000 after purchasing an additional 1,091 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Insider Activity

In other news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction dated 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 in the company, valued at $899,719.20. This trade represents 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 available through the SEC website. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on MAS. Robert W. Baird increased their target price on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Wells Fargo & Company increased their target price on Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Zelman & Associates downgraded Masco to a “hold” rating in a research report on Wednesday, February 11th. Citigroup dropped their target price on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Finally, BMO Capital Markets dropped their price target on shares of Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research note on Monday, April 20th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $80.07.

Masco Price Performance

MAS stock opened at $65.54 on Tuesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $79.19. 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 company has a market capitalization of $13.22 billion, a P/E ratio of 16.26, a PEG ratio of 1.60 and a beta of 1.34. The company has a fifty day moving average price of $64.98 and a 200-day moving average price of $66.17.

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

Masco declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to buy up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Masco Dividend Announcement

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

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.