8,410 Shares in Masco Corporation $MAS Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in Masco Corporation (NYSE:MAS) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 8,410 shares of the construction company’s stock, valued at approximately $680,000.

Several other institutional investors also recently made changes to their positions in MAS. Norges Bank purchased a new position in shares of Masco in the 4th quarter worth $194,818,000. Wellington Management Group LLP purchased a new stake in Masco during the third quarter valued at about $192,948,000. Bank of New York Mellon Corp purchased a new stake in Masco during the second quarter valued at about $156,668,000. Jacobs Levy Equity Management Inc. increased its stake in Masco by 443.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after acquiring an additional 1,901,815 shares during the last quarter. Finally, Barclays PLC increased its stake in Masco by 234.5% during the fourth quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after acquiring an additional 1,139,098 shares during the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MAS shares. Zacks Research lowered Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Truist Financial dropped their target price 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. Wells Fargo & Company raised their price target on shares of Masco from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Finally, UBS Group decreased their price objective on shares of Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Masco has an average rating of “Hold” and a consensus target price of $79.87.

Masco Trading Down 0.7%

NYSE:MAS opened at $73.39 on Wednesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. The business’s 50-day simple moving average is $76.74 and its 200 day simple moving average is $70.87. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 16.87, a price-to-earnings-growth ratio of 1.88 and a beta of 1.30.

Masco (NYSE:MAS) last issued its quarterly earnings data 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. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The firm had revenue of $1.99 billion during the quarter, compared to analyst estimates of $2.08 billion. During the same quarter last year, the firm earned $1.30 EPS. Masco’s quarterly revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts predict that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 24th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco’s payout ratio is 29.43%.

Masco announced that its board has authorized a stock buyback program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to reacquire 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 shares are undervalued.

Masco 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.