QRG Capital Management Inc. Cuts Position in Masco Corporation $MAS

QRG Capital Management Inc. reduced its position in Masco Corporation (NYSE:MAS) by 68.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,607 shares of the construction company’s stock after selling 119,910 shares during the period. QRG Capital Management Inc.’s holdings in Masco were worth $3,465,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rossby Financial LCC lifted its position in Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after buying an additional 212 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Masco in the 3rd quarter valued at $26,000. Bogart Wealth LLC raised its stake in shares of Masco by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after acquiring an additional 408 shares during the period. Community Bank N.A. acquired a new position in shares of Masco during the 3rd quarter valued at $34,000. Finally, Headlands Technologies LLC boosted its position in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MAS shares. Barclays raised their price objective on Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 22nd. Citigroup lowered their target price on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. The Goldman Sachs Group raised their target price on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Truist Financial boosted their price target on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Evercore upgraded Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $80.07.

Masco Stock Performance

NYSE:MAS opened at $71.99 on Thursday. The firm has a 50-day moving average of $65.20 and a two-hundred day moving average of $66.17. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11. The stock has a market cap of $14.52 billion, a P/E ratio of 17.86, a PEG ratio of 1.74 and a beta of 1.34. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $79.19.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 815.20% and a net margin of 10.90%.The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, research analysts expect that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Masco’s previous quarterly dividend of $0.31. Masco’s dividend payout ratio is currently 31.76%.

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

Insider Activity at Masco

In other news, CAO Heath M. Eisman sold 747 shares of the stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the transaction, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. This represents a 5.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.55% of the company’s stock.

Masco 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.