Masco Corporation $MAS Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Masco Corporation (NYSE:MAS) by 5.1% during the fourth quarter, Holdings Channel reports. The fund owned 191,921 shares of the construction company’s stock after selling 10,310 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Masco were worth $12,179,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth grew its holdings in Masco by 2.6% in the first 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 purchased a new position in Masco during the second quarter worth approximately $238,000. Bank of Nova Scotia boosted its holdings in shares of 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 last quarter. WINTON GROUP Ltd purchased a new stake in shares of Masco during the 2nd quarter valued at $415,000. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Masco by 4.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after buying an additional 1,413 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Shares of NYSE MAS opened at $65.54 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19. The business has a 50 day moving average price of $64.98 and a two-hundred day moving average price of $66.17. The firm has a market cap of $13.22 billion, a PE ratio of 16.26, a price-to-earnings-growth ratio of 1.60 and a beta of 1.34.

Masco (NYSE:MAS) last released its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share 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 the consensus estimate of $2.07 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The company’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. Sell-side analysts expect that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 22nd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. Masco’s dividend payout ratio (DPR) is 31.76%.

Masco announced that its board has authorized a stock repurchase program on Tuesday, February 10th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the construction company to reacquire up to 13.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Analyst Ratings Changes

MAS has been the subject of a number of research reports. Oppenheimer reissued an “outperform” rating and set a $88.00 price target on shares of Masco in a research report on Wednesday, February 11th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, May 13th. UBS Group boosted their target price on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Zelman & Associates lowered shares of Masco to a “hold” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada lifted their price target on shares of Masco from $67.00 to $72.00 and gave the company a “sector perform” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Masco has an average rating of “Hold” and a consensus price target of $80.07.

Insider Buying and Selling

In other Masco news, CAO Heath M. Eisman sold 747 shares of the firm’s stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $71.92, for a total value of $53,724.24. Following the sale, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.55% of the stock is currently owned by insiders.

Masco 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.