Bank of New York Mellon Corp Lowers Stake in Masco Corporation $MAS

Bank of New York Mellon Corp lowered its holdings in shares of Masco Corporation (NYSE:MAS) by 17.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,803,361 shares of the construction company’s stock after selling 378,616 shares during the period. Bank of New York Mellon Corp’s holdings in Masco were worth $114,441,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rossby Financial LCC lifted its holdings in shares of 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 purchasing an additional 212 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Masco in the 3rd quarter worth approximately $26,000. 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. bought a new position in Masco during the 3rd quarter valued at approximately $34,000. Finally, Headlands Technologies LLC raised its stake in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Stock Up 0.0%

Masco stock opened at $69.42 on Monday. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $79.19. The stock has a fifty day simple moving average of $66.97 and a two-hundred day simple moving average of $66.76. 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 cap of $14.00 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.71 and a beta of 1.31.

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

Masco declared that its Board of Directors has authorized a share buyback plan on Tuesday, February 10th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the construction company to buy up to 13.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 22nd will be paid a $0.32 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. Masco’s payout ratio is currently 31.76%.

Analysts Set New Price Targets

Several equities research analysts have commented on MAS shares. The Goldman Sachs Group boosted their target price on Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Citigroup lowered their price target on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. Oppenheimer reiterated an “outperform” rating and issued a $88.00 price target on shares of Masco in a research note on Wednesday, February 11th. Zelman & Associates downgraded shares of Masco to a “hold” rating in a research report on Wednesday, February 11th. Finally, Robert W. Baird raised their price objective on shares of Masco from $72.00 to $80.00 and gave the company 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Masco 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.