Cibc World Market Inc. acquired a new stake in Masco Corporation (NYSE:MAS – Free Report) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 7,433 shares of the construction company’s stock, valued at approximately $605,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Boston Trust Walden Corp grew its holdings in shares of Masco by 37.7% during the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company’s stock worth $43,080,000 after buying an additional 195,509 shares in the last quarter. Balefire LLC bought a new stake in Masco in the 1st quarter valued at approximately $1,021,000. Oppenheimer Asset Management Inc. bought a new stake in Masco in the 2nd quarter valued at approximately $13,269,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Masco during the 4th quarter worth approximately $1,411,000. Finally, MGO One Seven LLC boosted its position in Masco by 135.1% during the 4th quarter. MGO One Seven LLC now owns 17,820 shares of the construction company’s stock worth $1,131,000 after acquiring an additional 10,239 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.
Analysts Set New Price Targets
MAS has been the topic of a number of recent research reports. Citigroup lowered their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a report on Friday, July 31st. UBS Group reduced their target price on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research report on Monday, August 3rd. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a research note on Thursday, July 30th. Finally, Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Seven research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $79.88.
Masco Stock Down 1.0%
Masco stock opened at $72.87 on Friday. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The company’s 50-day moving average is $76.73 and its 200-day moving average is $71.09. The firm has a market capitalization of $14.37 billion, a PE ratio of 16.75, a P/E/G ratio of 1.86 and a beta of 1.30. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64.
Masco (NYSE:MAS – Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The company had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period in the previous year, the company posted $1.30 EPS. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Sell-side analysts anticipate that Masco Corporation will post 4.52 earnings per share for the current year.
Masco Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s payout ratio is 29.43%.
Masco declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.
Masco Company 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.
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