What smart money is saying about Masco Corporation
4 funds in our archive have pitched Masco Corporation, most recently Ariel Investments Small Cap Value in June 2026.
Masco Corporation is a prominent global manufacturer and distributor of home improvement and building products, serving markets across North America, Europe, and other international regions. The company operates through two main segments. Its Plumbing Products division offers a vast array of items, from fixtures like faucets, showerheads, and valves to comprehensive bathing solutions such as tubs, shower bases, sinks, and toilets. This segment also provides high-end offerings like spas, exercise pools, and fitness systems, alongside crucial plumbing system components made from brass, copper, and composites, as well as connected water technologies, thermoplastic solutions, and PEX tubing. These products are sold under numerous recognized brands, including DELTA, HANSGROHE, KRAUS, HOT SPRING, and ENDLESS POOLS. The Decorative Architectural Products segment enhances both the aesthetic and functional aspects of homes. Its portfolio includes various paints, primers, specialty coatings, stains, and waterproofing products, along with associated applicators. It also supplies diverse cabinet and door hardware, functional hardware, wall plates, closet organization systems, and picture hanging accessories. Additionally, this segment provides decorative bath hardware, mirrors, shower doors, and a wide selection of indoor and outdoor lighting fixtures, such as ceiling fans, landscape lighting, and LED systems. Key brands in this segment include BEHR, KILZ, LIBERTY, and KICHLER. Masco distributes its extensive product range through a broad network of channels, encompassing plumbing, heating, and hardware wholesalers; home centers and online retailers; independent hardware stores; electrical and landscape distributors; lighting showrooms; building supply outlets; and various mass merchandisers. Masco Corporation was founded in 1929 and is headquartered in Livonia, Michigan.
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Fund signal · last 12 months
7 lettersToo few moves on Masco Corporation yet for a clear signal
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q2 2025 and Q3 2026, 8 fund letters reported a position in Masco Corporation, with 2 buys (opened or added) and 3 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 3 | 0 | 2 | 0 |
| Q2 2026 | 3 | 1 | 0 | 2 |
| Q1 2026 | 1 | 1 | 0 | 1 |
| Q2 2025 | 1 | 0 | 1 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 8 positions · 5 moves
- September 2026
“Relative to the first six months of the year, activity slowed during the third quarter with two exits and one new addition to the portfolio. We exited our long-held positions in both Masco Corporation (MAS) and Applied Materials, Inc. (AMAT) on valuation concerns as both companies had performed well year to date and reached their respective price targets.”
Masco Corporation - September 2026
“Masco cost just over 100 basis points, most of it in July.”
Masco Corporation - September 2026
“We exited our long-held positions in both Masco Corporation (MAS) and Applied Materials, Inc. (AMAT) on valuation concerns as both companies had performed well year to date and reached their respective price targets. We used some of the proceeds from these sales to establish a new position in Microsoft Corporation (MSFT) in early July. We have looked at a number of software businesses over the last six months, and we were pleased to be able to take a position in Microsoft Corporation, which boasts strong scale and retention in its core software franchise but also has a leading cloud infrastructure business in Azure. At our time of purchase, Microsoft Corporation was trading not only at 10 year+ absolute valuation lows, but also at a material discount to many other large cap software businesses on a GAAP EV/EBITDA basis. The current market environment remains challenging, and we are discouraged with the Strategy’s performance year-to-date; but we remind ourselves that nine months is a short time horizon in the investing world. We remain committed to the core principles of our investment approach. We continue to believe that a portfolio of companies that generate high levels of free cash flow (FCF), possess a Sustainable Cash Flow Advantage (SCFA), exhibit capital discipline, and trade at attractive valuations will lead to compelling risk adjusted returns over the long term while providing a margin of safety for our investors. SECTOR DIVERSIFICATION AS OF SEPTEMBER 30, 2026 SECTOR U.S. VALUE UCITS FUND ACCOUNT (%) RUSSELL 1000® VALUE INDEX (%) DIFFERENCE (%) U.S. VALUE UCITS FUND ACCOUNT (%) Q3’26 Q3’26 Q3’26 Q2’26 Communication Services 4.27 3.41 0.86 4.08 Consumer Discretionary 6.53 10.18 -3.65 5.15 Consumer Staples 4.91 7.20 -2.29 4.65 Energy 4.17 6.21 -2.04 4.44 Financials 17.34 18.32 -0.97 16.41 Health Care 24.52 13.34 11.18 22.96 Industrials 9.99 10.49 -0.50 13.08 Information Technology 16.60 20.62 -4.02 17.40 Materials 6.14 3.47 2.67 6.68 Real Estate 2.60 3.38 -0.79 2.43 Utilities 2.93 3.39 -0.46 2.71 *FCF yield refers to free cash flow relative to company value, typically market capitalization. Source: FactSet. The information provided in this material is not intended to be and should not be considered to be a recommendation or suggestion to engage in or refrain from a particular course of action or to make or hold a particular investment or pursue a particular investment strategy, including whether or not to buy, sell, or hold any of the securities mentioned. It should not be assumed that investments in such securities have been or will be profitable. The portfolio information provided is based on the U.S. Value UCITS Fund and is provided as Supplemental Information. Sector diversification excludes cash and cash equivalents. Sectors are based on the Global Industry Classification Standard (GICS®) classification system. Please see the end of this presentation for important disclosures and a complete list of terms and definitions. Our weighting in Information Technology decreased during the period as we continued to pare back a number of our positions following the strong underlying performance of the sector year to date. We also exited our position in Applied Materials, Inc. (AMAT) early in the quarter. AMAT had been a holding in the Strategy since inception, but as valuation reached levels we were no longer comfortable with, we made the decision to exit the position and reallocate capital to better opportunities. Our weighting in Industrials declined during the period as we exited our remaining position in Masco Corporation (MAS). Similar to Applied Materials, Inc. Masco Corporation had been a holding in the Strategy since inception but as the stock reached our target price early in the third quarter we exited our position.”
Masco Corporation - June 2026
“Our top five contributors to return in Q2 were Texas Instruments, NXP Semiconductors, Lamar Advertising, nVent Electric and Masco.”
Masco Corporation - June 2026
“We added Masco Corporation (MAS), the world’s largest manufacturer of plumbing fixtures and a leading provider of paint in the United States.”
Masco Corporation - May 2026
“Masco held its first Investor Day in years at the NYSE on May 13, with Broyhill in attendance.”
Masco Corporation - New positionBroyhill AMMarch 2026
“And we established two new positions in the depressed housing industry – Masco and Floor and Décor, as we believe the normalized earnings power of both companies has increased significantly through market share gains and expense efficiencies captured during this extended downturn.”
Masco Corporation - ExitedAriel FundJune 2025
“By comparison, we successfully exited marketing communication company, Interpublic Group of Companies, Inc. (IPG) and branded home improvement and building products manufacturer Masco Corporation (MAS) on valuation.”
Masco Corporation
Fund coverage · 4 theses
- Ariel Investments Small Cap ValueJune 2026
Masco Corporation is a branded plumbing and paint leader with scale, strong brand equity, and margin expansion potential.
Read the full thesis - Broyhill Equity HighlightsMay 2026
Masco is attractive for its repair-and-remodel exposure, pricing power, growth targets, and shareholder returns.
Read the full thesis - Broyhill AMMarch 2026
Masco is a housing-related company whose normalized earnings power has improved through market share gains and expense efficiencies.
Read the full thesis - FMI fundsJune 2025
Masco Corp. is a global leader in home improvement products with a strong brand portfolio and a disciplined approach to free cash flow management, currently trading at a depressed valuation amid weak demand.
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