Korea Investment CORP Buys Shares of 93,886 Masco Corporation $MAS

Korea Investment CORP acquired a new stake in Masco Corporation (NYSE:MAS) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 93,886 shares of the construction company’s stock, valued at approximately $7,640,000.

A number of other hedge funds have also added to or reduced their stakes in MAS. Covestor Ltd grew its stake in Masco by 20.7% in the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after purchasing an additional 142 shares in the last quarter. Ritholtz Wealth Management raised its holdings in Masco by 3.9% in the first quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock worth $242,000 after purchasing an additional 150 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Masco by 2.4% during the 4th quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after acquiring an additional 154 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Masco by 3.5% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock valued at $314,000 after purchasing an additional 167 shares during the last quarter. Finally, Fayez Sarofim & Co raised its stake in Masco by 0.7% in the fourth quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock valued at $1,655,000 after buying an additional 180 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors.

Masco Trading Down 0.1%

Shares of MAS opened at $73.20 on Tuesday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The stock has a market cap of $14.43 billion, a PE ratio of 16.83, a price-to-earnings-growth ratio of 1.86 and a beta of 1.30. The firm’s fifty day moving average is $76.78 and its two-hundred day moving average is $71.07. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07.

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

Masco Announces Dividend

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

Masco declared that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes 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 board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MAS shares. Citigroup lowered their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a research report on Thursday, July 30th. UBS Group cut their price target on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research report on Monday, August 3rd. Finally, Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.