Fifth Third Bancorp Has $7.15 Million Stock Position in Masco Corporation $MAS

Fifth Third Bancorp increased its holdings in shares of Masco Corporation (NYSE:MAS) by 191.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 118,481 shares of the construction company’s stock after purchasing an additional 77,872 shares during the period. Fifth Third Bancorp’s holdings in Masco were worth $7,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in Masco during the fourth quarter worth about $194,818,000. Wellington Management Group LLP bought a new stake in shares of Masco during the 3rd quarter valued at approximately $192,948,000. Jacobs Levy Equity Management Inc. increased its position in Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after purchasing an additional 1,901,815 shares in the last quarter. Barclays PLC increased its position in Masco by 234.5% during the 4th quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after purchasing an additional 1,139,098 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after buying an additional 977,684 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Masco Price Performance

MAS stock opened at $80.13 on Friday. The company has a market capitalization of $16.16 billion, a P/E ratio of 19.88, a PEG ratio of 1.92 and a beta of 1.29. The company has a fifty day moving average price of $73.31 and a 200-day moving average price of $69.47. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.11 and a current ratio of 1.75. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.21.

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

Masco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, May 22nd. Masco’s payout ratio is 31.76%.

Masco declared that its board has approved a share buyback program on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MAS. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. UBS Group raised their price objective on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 23rd. BMO Capital Markets reduced their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Barclays upped their target price on Masco from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Tuesday. Finally, Bank of America cut their price target on Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a research note on Monday, April 20th. Eight research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.67.

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.