Masco (NYSE:MAS) Reaches New 52-Week High – Time to Buy?

Shares of Masco Corporation (NYSE:MAS) hit a new 52-week high during trading on Thursday . The stock traded as high as $79.85 and last traded at $80.0910, with a volume of 75652 shares traded. The stock had previously closed at $78.05.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Bank of America lowered their price objective on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. The Goldman Sachs Group raised 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. UBS Group lifted their price target on shares of Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upped their price objective on shares of Masco from $74.00 to $78.00 and gave the company a “neutral” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada increased their price objective on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Masco presently has an average rating of “Hold” and a consensus target price of $80.07.

Masco Trading Up 0.2%

The firm has a fifty day simple moving average of $70.93 and a two-hundred day simple moving average of $67.93. The firm has a market capitalization of $16.11 billion, a P/E ratio of 19.82, a price-to-earnings-growth ratio of 1.96 and a beta of 1.31. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11.

Masco (NYSE:MAS) last posted 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. The firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.The business’s revenue for the quarter 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. On average, equities research analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

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 given 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 currently 31.76%.

Masco announced that its Board of Directors has authorized a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its stock is undervalued.

Hedge Funds Weigh In On Masco

Several institutional investors have recently made changes to their positions in the business. Covestor Ltd boosted its position in shares of Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after acquiring an additional 142 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of Masco by 3.9% during 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 during the last quarter. Andina Capital Management LLC lifted its holdings in 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 buying an additional 154 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Masco by 3.5% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after buying an additional 167 shares during the period. Finally, Clearstead Advisors LLC grew its holdings in Masco by 21.6% during the 3rd quarter. Clearstead Advisors LLC now owns 947 shares of the construction company’s stock worth $67,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

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.