Masco Corporation $MAS Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in shares of Masco Corporation (NYSE:MAS) by 14.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 509,669 shares of the construction company’s stock after buying an additional 62,939 shares during the period. Hsbc Holdings PLC’s holdings in Masco were worth $32,410,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Nordea Investment Management AB boosted 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 worth $278,619,000 after buying an additional 267,012 shares during the last quarter. Swiss Life Asset Management Ltd raised its holdings in shares of Masco by 347.5% during the third quarter. Swiss Life Asset Management Ltd now owns 102,810 shares of the construction company’s stock valued at $7,237,000 after acquiring an additional 79,834 shares during the last quarter. Rafferty Asset Management LLC lifted its position in shares of Masco by 97.6% in the third quarter. Rafferty Asset Management LLC now owns 184,516 shares of the construction company’s stock valued at $12,988,000 after acquiring an additional 91,161 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Masco by 30.4% in the third quarter. Cresset Asset Management LLC now owns 71,294 shares of the construction company’s stock valued at $5,018,000 after acquiring an additional 16,612 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Masco by 502.1% in the third quarter. American Century Companies Inc. now owns 1,055,362 shares of the construction company’s stock worth $74,287,000 after acquiring an additional 880,076 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on MAS. Barclays increased their price objective on Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada upped their target price on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. BMO Capital Markets reduced their target price on shares of Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. Wells Fargo & Company raised their price target on shares of Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Finally, Truist Financial upped their price objective on shares of Masco from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $80.07.

Masco Stock Performance

NYSE MAS opened at $73.30 on Wednesday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. The stock’s fifty day moving average is $70.03 and its two-hundred day moving average is $67.63. The firm has a market capitalization of $14.79 billion, a P/E ratio of 18.19, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19.

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

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.7%. The ex-dividend date was Friday, May 22nd. Masco’s payout ratio is presently 31.76%.

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

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.