Hsbc Holdings PLC Invests $30.12 Million in Masco Corporation $MAS

Hsbc Holdings PLC bought a new stake in Masco Corporation (NYSE:MAS) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 369,842 shares of the construction company’s stock, valued at approximately $30,116,000. Hsbc Holdings PLC owned about 0.19% of Masco as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Ancora Advisors LLC acquired a new stake in shares of Masco during the second quarter worth $254,000. Canada Pension Plan Investment Board acquired a new position in shares of Masco during the 2nd quarter worth approximately $14,533,000. Legal & General Group Plc bought a new position in shares of Masco during the second quarter worth approximately $59,448,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Masco in the second quarter valued at approximately $10,939,000. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Masco in the second quarter valued at approximately $597,000. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Down 1.0%

Shares of MAS opened at $72.87 on Friday. 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 52-week low of $58.16 and a 52-week high of $83.64. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 1.86 and a beta of 1.30. The business’s fifty day moving average is $76.73 and its 200-day moving average is $71.09.

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

Masco declared that its board has initiated a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Masco Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders 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 1.8%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio (DPR) is presently 29.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MAS. DA Davidson initiated coverage on Masco in a research report on Monday. They set a “neutral” rating and a $80.00 price target on the stock. Citigroup cut their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research report on Friday, July 31st. UBS Group reduced their target price on Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research note on Monday, August 3rd. Finally, Wells Fargo & Company upped their price objective on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.