Meiji Yasuda Asset Management Co Ltd. Makes New $645,000 Investment in Masco Corporation $MAS

Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Masco Corporation (NYSE:MASFree Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 7,932 shares of the construction company’s stock, valued at approximately $645,000.

Other large investors have also modified their holdings of the company. Covestor Ltd raised its position in shares of Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after purchasing an additional 142 shares during the period. Ritholtz Wealth Management increased its stake in Masco by 3.9% in the 1st quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock worth $242,000 after purchasing an additional 150 shares in the last quarter. Andina Capital Management LLC raised its holdings in Masco by 2.4% during the 4th quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after buying an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in Masco by 3.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after buying an additional 167 shares during the period. Finally, Fayez Sarofim & Co lifted its stake in Masco by 0.7% during the fourth quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock valued at $1,655,000 after buying an additional 180 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Masco Trading Down 0.2%

NYSE:MAS opened at $73.08 on Wednesday. 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 Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The stock’s 50-day moving average is $76.74 and its two-hundred day moving average is $71.08. The stock has a market cap of $14.41 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30.

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

Masco announced that its Board of Directors has initiated a share repurchase plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Masco Announces Dividend

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 paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio is currently 29.43%.

Wall Street Analysts Forecast Growth

MAS has been the subject of several recent analyst reports. Barclays decreased their target price on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a report on Monday, August 3rd. Truist Financial reduced their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective for the company. in a research note on Thursday, July 30th. Finally, Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Seven equities research 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 MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.88.

Check Out Our Latest Report on Masco

About Masco

(Free Report)

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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Institutional Ownership by Quarter for Masco (NYSE:MAS)

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