SVB Wealth LLC Reduces Holdings in Masco Corporation $MAS

SVB Wealth LLC lowered its position in shares of Masco Corporation (NYSE:MAS) by 32.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,494 shares of the construction company’s stock after selling 8,758 shares during the period. SVB Wealth LLC’s holdings in Masco were worth $1,116,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Masco by 0.6% during the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock worth $649,545,000 after buying an additional 60,430 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after buying an additional 977,684 shares during the last quarter. Boston Partners boosted its holdings in shares of Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Masco by 76.1% in the fourth quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after acquiring an additional 2,085,454 shares during the period. Finally, Nordea Investment Management AB grew its position in shares of Masco by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock worth $278,619,000 after acquiring an additional 267,012 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Masco Stock Performance

Shares of MAS opened at $73.30 on Wednesday. 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 $14.79 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.81 and a beta of 1.31. The company’s fifty day moving average is $70.03 and its two-hundred day moving average is $67.63. Masco Corporation has a 1 year low of $58.16 and a 1 year high of $79.19.

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

Masco declared that its Board of Directors has authorized a share buyback program 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 programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a dividend of $0.32 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.7%. Masco’s payout ratio is presently 31.76%.

Analyst Ratings Changes

MAS has been the subject of several research reports. Barclays upped their price target on shares of 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 price objective on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group lifted their price objective on shares of Masco from $79.00 to $90.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Weiss Ratings cut shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Finally, Robert W. Baird increased their target price on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $80.07.

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.