Sequoia Financial Advisors LLC Grows Holdings in Masco Corporation $MAS

Sequoia Financial Advisors LLC boosted its holdings in shares of Masco Corporation (NYSE:MAS) by 15.7% in the first quarter, HoldingsChannel reports. The fund owned 98,165 shares of the construction company’s stock after acquiring an additional 13,293 shares during the period. Sequoia Financial Advisors LLC’s holdings in Masco were worth $5,926,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MAS. Sunbelt Securities Inc. purchased a new stake in Masco in the third quarter worth about $26,000. Bard Associates Inc. bought a new stake in shares of Masco in the 4th quarter worth approximately $25,000. Bogart Wealth LLC grew 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 worth $27,000 after buying an additional 408 shares during the last quarter. Community Bank N.A. purchased a new stake in shares of Masco in the 3rd quarter worth approximately $34,000. Finally, Headlands Technologies LLC increased its position in Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MAS. JPMorgan Chase & Co. increased their target price on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research note on Friday, April 24th. The Goldman Sachs Group increased their price objective on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Evercore upgraded shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Monday, April 13th. Finally, Robert W. Baird raised their price target on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $80.07.

Masco Price Performance

MAS opened at $77.96 on Monday. The company’s 50-day simple moving average is $72.79 and its two-hundred day simple moving average is $69.09. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. The stock has a market capitalization of $15.73 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.92 and a beta of 1.29. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.21.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is 31.76%.

Masco declared that its Board of Directors has initiated a stock repurchase program on Thursday, May 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.