Masco (NYSE:MAS) Hits New 52-Week High – Here’s Why

Shares of Masco Corporation (NYSE:MAS) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $81.82 and last traded at $81.3090, with a volume of 2626939 shares. The stock had previously closed at $80.50.

Analyst Ratings Changes

A number of brokerages recently issued reports on MAS. Wells Fargo & Company lifted 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. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Monday, April 13th. Truist Financial raised their price target on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. BMO Capital Markets lowered their price objective on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Finally, Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Masco presently has an average rating of “Hold” and an average target price of $80.07.

Masco Stock Up 1.4%

The firm has a market cap of $16.70 billion, a P/E ratio of 20.55, a price-to-earnings-growth ratio of 2.01 and a beta of 1.29. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The firm has a fifty day moving average of $72.19 and a 200-day moving average of $68.48.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is 31.76%.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Bard Associates Inc. acquired a new stake in Masco in the 4th quarter valued at about $25,000. Sunbelt Securities Inc. acquired a new position in Masco during the third quarter worth approximately $26,000. Bogart Wealth LLC raised its stake in Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after buying an additional 408 shares during the period. Community Bank N.A. bought a new stake in Masco in the third quarter valued at approximately $34,000. Finally, Headlands Technologies LLC lifted its position in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

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.