Broyhill Asset Management highlighted Masco Corporation in its second-quarter 2026 investor letter, reporting that the home improvement and building products manufacturer gained 37% and delivered the best result in the portfolio. Broyhill said the quarter was plumbing-led and volume-led, with the strongest volume growth since the end of the pandemic and pricing intact. Management raised its topline outlook, took out delayed-draw leverage to repurchase stock, and increased the buyback guide by $200 million, to more than $800 million against a $2 billion authorization. Masco closed at $69.41 per share on September 14, 2026, with a market capitalization of $13.69 billion and a 52-week range of $58.16 to $83.64. The Broyhill Equity Composite gained 8.8% in the second quarter, trailing the MSCI All Country World Index's 15.1% and the MSCI ACWI Value Index's 10.8%, while returning 2.3% in the first half against 11.5% for the Index.
Masco CorporationMasco raised its buyback guide by $200 million to over $800 million and repurchased stock using delayed-draw leverage.
Broyhill is the author of the investor letter; its composite underperformed the MSCI ACWI, but no company-specific driver applies.
