iSAM Funds UK Ltd Makes New Investment in Masco Corporation $MAS

iSAM Funds UK Ltd bought a new stake in Masco Corporation (NYSE:MAS) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 9,200 shares of the construction company’s stock, valued at approximately $749,000.

Other hedge funds have also bought and sold shares of the company. Boston Trust Walden Corp lifted its stake in Masco by 37.7% during the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock worth $43,080,000 after purchasing an additional 195,509 shares during the last quarter. Balefire LLC bought a new stake in Masco during the first quarter valued at $1,021,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Masco during the second quarter worth $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in shares of Masco in the 4th quarter worth about $1,411,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Masco in the 2nd quarter valued at about $5,016,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MAS has been the topic of a number of recent research reports. Truist Financial cut their target price on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price for the company. in a report on Thursday, July 30th. Citigroup dropped their price target on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Wells Fargo & Company boosted their price objective on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Tuesday, July 14th. Finally, Barclays lowered their price objective on Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $79.88.

Masco Trading Up 1.0%

Masco stock opened at $70.98 on Thursday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. 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 firm has a market capitalization of $14.00 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.72 and a beta of 1.30. The firm has a 50-day moving average price of $76.47 and a two-hundred day moving average price of $70.98.

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 analyst estimates of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. Masco’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Monday, August 24th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Masco declared that its board has approved a stock buyback plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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.