PNC Financial Services Group Inc. Has $6.24 Million Stock Position in Masco Corporation $MAS

PNC Financial Services Group Inc. boosted its stake in Masco Corporation (NYSE:MAS) by 13.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 98,249 shares of the construction company’s stock after buying an additional 11,650 shares during the period. PNC Financial Services Group Inc.’s holdings in Masco were worth $6,235,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Pallas Capital Advisors LLC grew its stake in Masco by 1.4% in the 3rd quarter. Pallas Capital Advisors LLC now owns 12,128 shares of the construction company’s stock valued at $854,000 after buying an additional 162 shares during the last quarter. Clearstead Advisors LLC lifted its holdings in Masco by 21.6% during the 3rd quarter. Clearstead Advisors LLC now owns 947 shares of the construction company’s stock worth $67,000 after purchasing an additional 168 shares during the last quarter. Nelson Capital Management LLC lifted its holdings in Masco by 0.4% during the 3rd quarter. Nelson Capital Management LLC now owns 38,516 shares of the construction company’s stock worth $2,711,000 after purchasing an additional 171 shares during the last quarter. Bollard Group LLC lifted its holdings in Masco by 0.4% during the 3rd quarter. Bollard Group LLC now owns 43,973 shares of the construction company’s stock worth $3,095,000 after purchasing an additional 179 shares during the last quarter. Finally, Independent Advisor Alliance lifted its holdings in Masco by 5.8% during the 4th quarter. Independent Advisor Alliance now owns 3,293 shares of the construction company’s stock worth $209,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Stock Performance

NYSE MAS opened at $67.28 on Monday. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07. The firm has a market capitalization of $13.57 billion, a price-to-earnings ratio of 16.69, a P/E/G ratio of 1.66 and a beta of 1.34. The firm’s 50 day simple moving average is $65.22 and its 200 day simple moving average is $66.22. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $79.19.

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

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 22nd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.9%. Masco’s dividend payout ratio (DPR) is currently 31.76%.

Masco announced that its board has initiated a stock buyback program on Tuesday, February 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MAS. Royal Bank Of Canada lifted their price target on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Citigroup dropped their price target on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Bank of America dropped their price target on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. UBS Group lifted their price target on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Finally, Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. Eight 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’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.07.

Insider Activity

In related news, CAO Heath M. Eisman sold 747 shares of the stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the sale, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.55% of the company’s stock.

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.