Amundi Has $76.26 Million Stock Holdings in Masco Corporation $MAS

Key Points

• Amundi cut its Masco position by 56.5% in the second quarter, selling 1.22 million shares and retaining 937,410 shares valued at approximately $76.3 million.
• Institutional ownership remains high at 93.91%, while analyst sentiment is mixed: seven analysts rate Masco a Buy, eleven a Hold, and one a Sell. The consensus price target is $79.88 versus a recent share price of $69.47.
• Masco exceeded quarterly EPS expectations with $1.64 per share versus the $1.32 consensus, although revenue fell 2.9% year over year. The company also maintains a quarterly dividend of $0.32, equivalent to a 1.8% yield.

Amundi trimmed its position in Masco Corporation (NYSE:MAS - Free Report) by 56.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 937,410 shares of the construction company's stock after selling 1,215,408 shares during the quarter. Amundi owned 0.48% of Masco worth $76,264,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MAS. HighTower Advisors LLC increased its stake in shares of Masco by 1.2% in the 2nd quarter. HighTower Advisors LLC now owns 94,672 shares of the construction company's stock valued at $7,703,000 after purchasing an additional 1,139 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Masco in the second quarter valued at about $49,765,000. California State Teachers Retirement System raised its stake in Masco by 6,291.8% during the second quarter. California State Teachers Retirement System now owns 28,615,795 shares of the construction company's stock worth $2,328,467,000 after acquiring an additional 28,168,099 shares in the last quarter. Wedmont Private Capital lifted its holdings in shares of Masco by 29.0% in the second quarter. Wedmont Private Capital now owns 6,138 shares of the construction company's stock worth $478,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Kintra Wealth LLC lifted its stake in Masco by 25.7% in the 2nd quarter. Kintra Wealth LLC now owns 6,896 shares of the construction company's stock valued at $514,000 after purchasing an additional 1,409 shares during the last quarter. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on MAS shares. Truist Financial cut their price target on Masco from $90.00 to $85.00 and set a "buy" rating on the stock in a research note on Thursday, July 30th. Zacks Research cut shares of Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. Wells Fargo & Company raised 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. Barclays dropped their price objective on shares of Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a report on Thursday, July 30th. Finally, Citigroup reduced their target price on Masco from $79.00 to $77.00 and set a "neutral" rating for the company in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Masco currently has an average rating of "Hold" and a consensus target price of $79.88.

Masco Price Performance

Shares of NYSE MAS opened at $69.47 on Thursday. The stock has a market cap of $13.70 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.73 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 fifty-two week low of $58.16 and a fifty-two week high of $83.64. The firm's 50-day simple moving average is $75.56 and its 200 day simple moving average is $70.82.

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

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. The ex-dividend date was Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.8%. Masco's dividend payout ratio is presently 29.43%.

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.

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