Caisse de depot et placement du Quebec Buys New Shares in Masco Corporation $MAS

Caisse de depot et placement du Quebec bought a new position in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 872,032 shares of the construction company’s stock, valued at approximately $70,957,000. Caisse de depot et placement du Quebec owned about 0.44% of Masco at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MAS. BlackRock Inc. bought a new position in shares of Masco during the 2nd quarter worth approximately $1,278,943,000. State Street Corp raised its stake in Masco by 0.6% in the 4th 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 period. JPMorgan Chase & Co. lifted its holdings in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after purchasing an additional 977,684 shares during the last quarter. Boston Partners lifted its holdings in Masco by 1.0% during the 3rd 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 during the last quarter. Finally, Wellington Management Group LLP boosted its position in Masco by 76.1% during the fourth 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 during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Price Performance

Masco stock opened at $72.87 on Friday. The stock’s fifty day moving average price is $76.73 and its two-hundred day moving average price is $71.09. Masco Corporation has a one year low of $58.16 and a one year high of $83.64. 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 firm has a market cap of $14.37 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30.

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

Masco announced that its Board of Directors has authorized a stock repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Masco Dividend Announcement

The company also recently disclosed 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 yield of 1.8%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MAS shares. DA Davidson started coverage on shares of Masco in a report on Monday. They set a “neutral” rating and a $80.00 target price for the company. Evercore downgraded 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 report on Thursday, July 30th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company increased their target price on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $79.88.

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.