Sanctuary Advisors LLC Makes New $5.02 Million Investment in Masco Corporation $MAS

Sanctuary Advisors LLC purchased a new position in shares of Masco Corporation (NYSE:MAS) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 61,649 shares of the construction company’s stock, valued at approximately $5,016,000.

Other hedge funds have also bought and sold shares of the company. BlackRock Inc. bought a new position in Masco in the second quarter worth about $1,278,943,000. Norges Bank bought a new position in shares of Masco during the fourth quarter valued at approximately $194,818,000. Wellington Management Group LLP acquired a new stake in shares of Masco during the 3rd quarter worth approximately $192,948,000. Bank of New York Mellon Corp acquired a new stake in shares of Masco during the 2nd quarter worth approximately $156,668,000. Finally, Jacobs Levy Equity Management Inc. boosted its position in Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock valued at $164,046,000 after purchasing an additional 1,901,815 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Trading Down 0.1%

Masco stock opened at $73.20 on Tuesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $83.64. The firm’s 50 day moving average price is $76.78 and its two-hundred day moving average price is $71.07.

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

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

Masco Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio is 29.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MAS shares. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Barclays dropped their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a research report on Monday, August 3rd. Finally, Truist Financial decreased their price objective on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $79.88.

About Masco

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.