The Manufacturers Life Insurance Company Buys New Stake in Masco Corporation $MAS

The Manufacturers Life Insurance Company acquired a new position in shares of Masco Corporation (NYSE:MAS) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 134,434 shares of the construction company’s stock, valued at approximately $10,939,000. The Manufacturers Life Insurance Company owned approximately 0.07% of Masco at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bard Associates Inc. purchased a new position in Masco during the fourth quarter worth about $25,000. Sunbelt Securities Inc. purchased a new stake in Masco during the 3rd quarter worth $26,000. Bell Investment Advisors Inc acquired a new position in shares of Masco in the second quarter worth about $32,000. Headlands Technologies LLC grew its position in shares of Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in Masco during the second quarter valued at approximately $37,000. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Barclays cut their price target on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. 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 report on Tuesday, July 14th. Finally, Truist Financial reduced their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $79.88.

Masco Trading Up 0.7%

Shares of MAS stock opened at $73.28 on Friday. The firm has a market capitalization of $14.45 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.85 and a beta of 1.30. 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 1 year low of $58.16 and a 1 year high of $83.64. The stock has a fifty day moving average of $76.70 and a two-hundred day moving average of $71.11.

Masco (NYSE:MAS) last posted 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 net margin of 11.61% and a return on equity of 2,379.08%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the company posted $1.30 earnings per share. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. 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 year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, August 24th. Masco’s payout ratio is currently 29.43%.

Masco declared that its board has authorized a stock buyback plan on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to buy up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

About Masco

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.