Masco Corporation $MAS Shares Bought by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its stake in Masco Corporation (NYSE:MAS) by 10.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,834,962 shares of the construction company’s stock after acquiring an additional 171,524 shares during the period. Goldman Sachs Group Inc.’s holdings in Masco were worth $116,447,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp raised its stake in Masco by 3.8% during the third quarter. State Street Corp now owns 10,175,075 shares of the construction company’s stock worth $716,224,000 after purchasing an additional 367,937 shares during the period. Boston Partners grew its stake in shares of Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after buying an additional 58,609 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Masco by 32.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock worth $357,976,000 after buying an additional 1,240,322 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Masco by 6.5% during 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. Finally, Norges Bank purchased a new position in shares of Masco in the 4th quarter worth $194,818,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Down 0.6%

Shares of NYSE MAS opened at $69.01 on Tuesday. The stock has a fifty day moving average price of $67.15 and a 200 day moving average price of $66.83. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $79.19. The company has a market cap of $13.92 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.71 and a beta of 1.31.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 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 company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts anticipate that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco declared that its board has approved a share repurchase program on Tuesday, February 10th that permits the company to buyback $2.00 billion in outstanding shares. This buyback authorization permits the construction company to repurchase up to 13.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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 issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 22nd. Masco’s dividend payout ratio is currently 31.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MAS shares. Wells Fargo & Company lifted their target price on Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. BMO Capital Markets cut their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a report on Monday, April 20th. Zelman & Associates lowered Masco to a “hold” rating in a research note on Wednesday, February 11th. Oppenheimer reiterated an “outperform” rating and set a $88.00 target price on shares of Masco in a report on Wednesday, February 11th. Finally, The Goldman Sachs Group increased their target price on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Masco currently has a consensus rating of “Hold” and a consensus target price of $80.07.

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.