Empowered Funds LLC Acquires New Stake in Masco Corporation $MAS

Empowered Funds LLC acquired a new stake in shares of Masco Corporation (NYSE:MAS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 192,088 shares of the construction company’s stock, valued at approximately $15,630,000.

Other hedge funds also recently bought and sold shares of the company. Bard Associates Inc. acquired a new position in shares of Masco during the 4th quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new stake in shares of Masco in the third quarter valued at approximately $26,000. Bogart Wealth LLC lifted its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock worth $27,000 after buying an additional 408 shares in the last quarter. Bell Investment Advisors Inc purchased a new position in Masco during the second quarter worth approximately $32,000. Finally, Headlands Technologies LLC boosted its stake in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on MAS shares. UBS Group dropped their target price on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Barclays decreased their price objective on Masco from $82.00 to $79.00 and set an “equal weight” 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 price objective for the company. in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a research note on Monday, August 3rd. Finally, Wells Fargo & Company upped their price target on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.88.

Masco Trading Up 0.7%

Shares of NYSE MAS opened at $73.28 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The stock has a market capitalization of $14.45 billion, a PE ratio of 16.85, a PEG ratio of 1.84 and a beta of 1.30. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.64. The stock has a fifty day simple moving average of $76.70 and a 200-day simple moving average of $71.11.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the prior year, the firm earned $1.30 EPS. The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities analysts forecast that Masco Corporation will post 4.52 earnings per share for the current year.

Masco Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.32 per share. 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 29.43%.

Masco announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors 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.