Bank of New York Mellon Corp Grows Position in Masco Corporation $MAS

Bank of New York Mellon Corp lifted its stake in shares of Masco Corporation (NYSE:MAS) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,961,592 shares of the construction company’s stock after purchasing an additional 158,231 shares during the quarter. Bank of New York Mellon Corp’s holdings in Masco were worth $118,421,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Covestor Ltd boosted its holdings in Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after buying an additional 142 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Masco by 3.9% in the first quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock valued at $242,000 after buying an additional 150 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of Masco by 2.4% during the 4th quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock valued at $417,000 after acquiring an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC boosted its stake in shares of Masco by 3.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after acquiring an additional 167 shares in the last quarter. Finally, Fayez Sarofim & Co grew its holdings in shares of Masco by 0.7% in the 4th quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock worth $1,655,000 after acquiring an additional 180 shares during the period. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco News Roundup

Here are the key news stories impacting Masco this week:

• Positive Sentiment: Zacks Research upgraded Masco to strong-buy from hold, a bullish signal that can support investor sentiment. Zacks.com
• Positive Sentiment: The analyst lifted near- and medium-term EPS forecasts, including Q1 2027 to $1.10, Q2 2027 to $1.35, Q3 2027 to $1.18, and Q4 2027 to $1.07, suggesting stronger expected earnings momentum.
• Positive Sentiment: FY2027 EPS was increased to $4.69 from $4.64, and FY2028 EPS was raised to $5.25 from $5.19, reinforcing the view that earnings may continue to grow.
• Neutral Sentiment: Zacks also nudged its Q2 2028 EPS estimate higher to $1.43 from $1.41 and Q1 2028 EPS to $1.22 from $1.21.

Masco Stock Performance

Shares of NYSE MAS opened at $78.60 on Monday. The company has a 50-day simple moving average of $73.45 and a 200-day simple moving average of $69.56. 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 company has a market cap of $15.86 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.94 and a beta of 1.29. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.21.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the prior year, the firm posted $0.87 earnings per share. The company’s quarterly 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. On average, equities analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current year.

Masco declared that its board has authorized a stock 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 purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Masco Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research note on Monday, April 13th. JPMorgan Chase & Co. boosted their target price on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group raised their price target on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price target on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $80.67.

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.