ING Groep NV Has $1.19 Million Stock Position in Masco Corporation $MAS

ING Groep NV decreased its position in Masco Corporation (NYSE:MAS) by 31.0% in the 4th quarter, HoldingsChannel reports. The fund owned 18,682 shares of the construction company’s stock after selling 8,384 shares during the period. ING Groep NV’s holdings in Masco were worth $1,186,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised its holdings in Masco by 3.8% in the 3rd quarter. State Street Corp now owns 10,175,075 shares of the construction company’s stock valued at $716,224,000 after acquiring an additional 367,937 shares in the last quarter. Boston Partners raised its holdings in Masco by 1.0% in the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Masco by 32.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock valued at $357,976,000 after acquiring an additional 1,240,322 shares in the last quarter. Nordea Investment Management AB raised its holdings in Masco by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock valued at $278,619,000 after acquiring an additional 267,012 shares in the last quarter. Finally, Norges Bank acquired a new position in Masco in the 4th quarter valued at approximately $194,818,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on MAS. Truist Financial upped their price target on Masco from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Citigroup cut their price target on Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. Weiss Ratings cut Masco from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a report on Monday, April 13th. Finally, The Goldman Sachs Group upped their price target on Masco from $79.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $80.07.

Masco Trading Up 5.0%

MAS stock opened at $72.39 on Wednesday. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $79.19. The firm has a market cap of $14.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 1.70 and a beta of 1.31. The business’s 50 day moving average is $67.41 and its 200-day moving average is $66.92. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The company had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the company posted $0.87 EPS. The company’s revenue was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, May 22nd. Masco’s dividend payout ratio is currently 31.76%.

Masco announced that its board has approved a share buyback program on Tuesday, February 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the construction company to repurchase up to 13.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors 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.