OP Asset Management Ltd Buys Shares of 22,430 Masco Corporation $MAS

OP Asset Management Ltd purchased a new position in Masco Corporation (NYSE:MAS) during the first quarter, Holdings Channel reports. The institutional investor purchased 22,430 shares of the construction company’s stock, valued at approximately $1,354,000.

Several other large investors also recently modified their holdings of MAS. State Street Corp boosted its position in Masco by 0.6% during the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock valued at $649,545,000 after acquiring an additional 60,430 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Masco by 19.2% in the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after acquiring an additional 977,684 shares in the last quarter. Boston Partners increased its stake in Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after purchasing an additional 58,609 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Masco by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock worth $306,295,000 after purchasing an additional 2,085,454 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of 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 buying an additional 267,012 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Masco Stock Up 0.6%

MAS stock opened at $80.48 on Tuesday. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $80.80. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The stock’s 50 day moving average is $71.27 and its 200-day moving average is $68.10. The firm has a market capitalization of $16.24 billion, a PE ratio of 19.97, a P/E/G ratio of 1.97 and a beta of 1.31.

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

Masco announced that its Board of Directors has initiated a share buyback program on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its stock is undervalued.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were issued a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.6%. Masco’s dividend payout ratio is currently 31.76%.

Wall Street Analysts Forecast Growth

MAS has been the topic of a number of research reports. Robert W. Baird upped their price target on Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. UBS Group raised their price objective on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Royal Bank Of Canada increased their target price on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Finally, Bank of America decreased their price target on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $80.07.

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.