62,378 Shares in Masco Corporation $MAS Bought by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in Masco Corporation (NYSE:MAS) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 62,378 shares of the construction company’s stock, valued at approximately $5,076,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in shares of Masco during the third quarter worth about $26,000. Bard Associates Inc. acquired a new stake in Masco during the 4th quarter valued at approximately $25,000. Bell Investment Advisors Inc acquired a new stake in Masco during the 2nd quarter valued at approximately $32,000. Bogart Wealth LLC increased its holdings in Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after purchasing an additional 408 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on MAS shares. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. lifted their price target on shares of Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays reduced their price objective on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $79.87.

Masco Price Performance

MAS opened at $73.39 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The company’s 50-day moving average price is $76.81 and its 200 day moving average price is $70.98. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The firm has a market cap of $14.47 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30.

Masco (NYSE:MAS) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.Masco’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco declared that its Board of Directors has initiated a stock repurchase plan on Thursday, May 7th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be 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 is Monday, August 24th. Masco’s dividend payout ratio is presently 29.43%.

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.