Redwood Investment Management LLC Invests $1.16 Million in Masco Corporation $MAS

Redwood Investment Management LLC bought a new position in Masco Corporation (NYSE:MAS) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,304 shares of the construction company’s stock, valued at approximately $1,164,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MAS. Bard Associates Inc. bought a new stake in Masco in the 4th quarter valued at $25,000. Sunbelt Securities Inc. bought a new stake in Masco in the third quarter worth $26,000. Bogart Wealth LLC grew its holdings in Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 408 shares during the last quarter. Bell Investment Advisors Inc purchased a new stake in shares of Masco in the second quarter worth approximately $32,000. Finally, Headlands Technologies LLC lifted its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 93.91% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on MAS shares. DA Davidson assumed coverage on Masco in a research note on Monday. They issued a “neutral” rating and a $80.00 price objective on the stock. Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Zacks Research lowered shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Truist Financial dropped their target price on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.88.

Masco Stock Up 0.9%

NYSE:MAS opened at $73.57 on Thursday. The company’s fifty day moving average price is $76.76 and its 200-day moving average price is $71.09. The firm has a market capitalization of $14.51 billion, a P/E ratio of 16.91, a PEG ratio of 1.85 and a beta of 1.30. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.32. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, equities research analysts anticipate that Masco Corporation will post 4.52 EPS for the current year.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s dividend payout ratio is presently 29.43%.

Masco announced that its board has approved a share repurchase program on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to reacquire up to 2.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.