Canada Pension Plan Investment Board Invests $14.53 Million in Masco Corporation $MAS

Key Points

• Canada Pension Plan Investment Board bought 178,600 Masco shares worth approximately $14.53 million, acquiring a 0.09% stake. Institutional investors and hedge funds collectively own 93.91% of the company.
• Analysts maintain a mixed outlook, with seven Buy, eleven Hold and one Sell rating; the consensus rating is Hold with a $79.88 price target versus Masco’s $73.28 share price.
• Masco beat quarterly earnings expectations with EPS of $1.64 versus $1.32 anticipated, while revenue fell 2.9% year over year. The company also pays a $0.32 quarterly dividend and has authorized a $300 million share-repurchase program.

Canada Pension Plan Investment Board bought a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 178,600 shares of the construction company's stock, valued at approximately $14,533,000. Canada Pension Plan Investment Board owned 0.09% of Masco at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Bard Associates Inc. bought a new position in shares of Masco during the 4th quarter worth about $25,000. Sunbelt Securities Inc. bought a new stake in shares of Masco in the third quarter valued at about $26,000. Bogart Wealth LLC lifted its stake in shares of Masco by 2,550.0% in the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company's stock valued at $27,000 after buying an additional 408 shares during the period. Bell Investment Advisors Inc acquired a new stake in Masco during the second quarter worth about $32,000. Finally, Headlands Technologies LLC grew its position in 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. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MAS shares. Truist Financial reduced their price objective on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Barclays lowered their price objective on Masco from $82.00 to $79.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on Masco in a research note on Monday, August 3rd. UBS Group reduced their target price on Masco from $97.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price target on shares of Masco from $85.00 to $87.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 14th. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $79.88.

Masco Stock Up 0.7%

Shares of MAS opened at $73.28 on Friday. The stock has a market cap of $14.45 billion, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.84 and a beta of 1.30. 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 Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The company has a 50-day moving average price of $76.70 and a two-hundred day moving average price of $71.11.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, beating 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 company had revenue of $1.99 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the prior year, the company posted $1.30 EPS. The company's 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. Equities analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco Dividend Announcement

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

Masco declared that its Board of Directors has initiated a share buyback plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.

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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