Benjamin Edwards Inc. Cuts Stock Position in Masco Corporation $MAS

Benjamin Edwards Inc. lessened its stake in Masco Corporation (NYSE:MAS) by 7.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,234 shares of the construction company’s stock after selling 7,162 shares during the quarter. Benjamin Edwards Inc.’s holdings in Masco were worth $7,017,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of 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 bought a new stake in Masco during the second quarter worth approximately $238,000. Bank of Nova Scotia raised its stake in shares of Masco by 14.8% in the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after buying an additional 3,294 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in Masco in the 2nd quarter valued at about $415,000. Finally, Daiwa Securities Group Inc. lifted its stake in Masco by 4.6% during the second quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 1,413 shares during the last quarter. 93.91% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MAS has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a report on Monday, August 3rd. Barclays reduced their price objective on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Evercore downgraded shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price on the stock. in a research report on Thursday, July 30th. Finally, DA Davidson started coverage on shares of Masco in a report on Monday, August 24th. They set a “neutral” rating and a $80.00 price target on the stock. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $79.88.

Masco Stock Up 0.0%

Shares of MAS stock opened at $73.28 on Monday. The stock’s 50 day simple moving average is $76.70 and its 200 day simple moving average is $71.11. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.85 and a beta of 1.30.

Masco (NYSE:MAS) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. The company had revenue of $1.99 billion for 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%.The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, research analysts predict that Masco Corporation will post 4.52 EPS for the current year.

Masco declared that its board has authorized a stock repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

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.