Cary Street Partners Financial LLC Sells 10,315 Shares of Masco Corporation $MAS

Cary Street Partners Financial LLC decreased its stake in shares of Masco Corporation (NYSE:MAS) by 50.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 10,075 shares of the construction company’s stock after selling 10,315 shares during the period. Cary Street Partners Financial LLC’s holdings in Masco were worth $639,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Focus Partners Wealth boosted its stake in Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the period. CW Advisors LLC bought a new stake in Masco in the 2nd quarter valued at $238,000. Bank of Nova Scotia boosted its holdings in Masco by 14.8% in the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock valued at $1,645,000 after purchasing an additional 3,294 shares during the period. WINTON GROUP Ltd bought a new stake in Masco in the 2nd quarter valued at about $415,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Masco by 4.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock valued at $2,049,000 after purchasing an additional 1,413 shares during the period. Institutional investors own 93.91% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MAS shares. JPMorgan Chase & Co. upped their target price on Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Citigroup cut their target price on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research report on Thursday, April 23rd. The Goldman Sachs Group upped their price target on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Bank of America cut their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a report on Monday, April 20th. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $88.00 price target on shares of Masco in a report on Wednesday, February 11th. Eight investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $80.07.

Masco Price Performance

Masco stock opened at $70.32 on Friday. 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 company has a market capitalization of $14.19 billion, a PE ratio of 17.45, a P/E/G ratio of 1.74 and a beta of 1.34. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $79.19. The stock has a 50-day moving average price of $66.04 and a two-hundred day moving average price of $66.44.

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

Masco declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the construction company to buy up to 13.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Masco Dividend Announcement

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

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.