Benjamin Edwards Inc. Sells 7,162 Shares of Masco Corporation $MAS

Benjamin Edwards Inc. lowered its stake in shares of Masco Corporation (NYSE:MAS) by 7.7% during the second quarter, HoldingsChannel reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. grew its position in Masco by 6.1% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 21,731 shares of the construction company’s stock worth $1,768,000 after purchasing an additional 1,241 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Masco by 4,851.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 470,545 shares of the construction company’s stock valued at $38,288,000 after buying an additional 461,041 shares during the last quarter. Greenleaf Trust lifted its stake in shares of Masco by 3.8% in the second quarter. Greenleaf Trust now owns 12,535 shares of the construction company’s stock valued at $1,020,000 after buying an additional 460 shares during the period. Mufg Securities Americas Inc. lifted its stake in shares of Masco by 7.8% in the second quarter. Mufg Securities Americas Inc. now owns 6,076 shares of the construction company’s stock valued at $494,000 after buying an additional 442 shares during the period. Finally, Nissay Asset Management Corp Japan grew its position in Masco by 1.0% during the second quarter. Nissay Asset Management Corp Japan now owns 26,659 shares of the construction company’s stock worth $2,169,000 after buying an additional 254 shares in the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Evercore lowered shares of 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. DA Davidson began coverage on Masco in a research note on Monday, August 24th. They issued a “neutral” rating and a $80.00 price target on the stock. Truist Financial cut their target price on Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Finally, Zacks Research downgraded shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus price target of $79.88.

Masco Stock Up 0.0%

Shares of MAS stock opened at $73.28 on Monday. The firm has a fifty day moving average of $76.70 and a 200-day moving average of $71.11. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a market capitalization of $14.45 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.85 and a beta of 1.30.

Masco (NYSE:MAS) last posted its quarterly earnings data 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 business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The firm’s 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 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts predict that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed 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 is currently 29.43%.

Masco declared that its board has authorized a share repurchase program 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 programs are generally an indication that the company’s leadership believes its stock is 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.