Confluence Investment Management LLC Decreases Stock Position in Masco Corporation $MAS

Confluence Investment Management LLC lowered its holdings in Masco Corporation (NYSE:MAS) by 7.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 768,680 shares of the construction company’s stock after selling 59,924 shares during the period. Confluence Investment Management LLC’s holdings in Masco were worth $62,548,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MAS. Boston Trust Walden Corp raised its holdings in Masco by 37.7% in the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock valued at $43,080,000 after acquiring an additional 195,509 shares in the last quarter. Cambiar Investors LLC grew its holdings in Masco by 733.9% during the 4th quarter. Cambiar Investors LLC now owns 612,832 shares of the construction company’s stock worth $38,890,000 after acquiring an additional 539,339 shares in the last quarter. Balefire LLC acquired a new position in Masco during the 1st quarter worth $1,021,000. Oak Thistle LLC bought a new stake in shares of Masco in the 4th quarter worth about $2,123,000. Finally, Foster Victor Wealth Advisors LLC raised its stake in shares of Masco by 3.8% in the 4th quarter. Foster Victor Wealth Advisors LLC now owns 233,239 shares of the construction company’s stock valued at $16,436,000 after purchasing an additional 8,457 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Up 4.4%

Masco stock opened at $74.62 on Tuesday. 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 50-day moving average price of $75.52 and a two-hundred day moving average price of $70.39. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 1.67 and a beta of 1.30. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS 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 during the quarter, compared to analysts’ expectations of $2.08 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. Masco’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts expect that Masco Corporation will post 4.53 earnings per share for the current year.

Masco announced that its Board of Directors has authorized a stock repurchase plan on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Masco Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s dividend payout ratio is 29.43%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MAS. Citigroup reduced their price target on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday. Wells Fargo & Company boosted their price objective on Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. The Goldman Sachs Group upped their price objective on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. BMO Capital Markets decreased their target price on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Finally, Royal Bank Of Canada boosted their price target on Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a report on Thursday, April 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $79.87.

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.