Deutsche Bank AG Invests $149.67 Million in Masco Corporation $MAS

Deutsche Bank AG acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm acquired 1,839,409 shares of the construction company's stock, valued at approximately $149,673,000. Deutsche Bank AG owned about 0.93% of Masco at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Boston Trust Walden Corp boosted its stake in shares of Masco by 37.7% in the first quarter. Boston Trust Walden Corp now owns 713,598 shares of the construction company's stock valued at $43,080,000 after buying an additional 195,509 shares in the last quarter. Balefire LLC purchased a new position in Masco in the first quarter worth $1,021,000. Oppenheimer Asset Management Inc. lifted its holdings in Masco by 6.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 157,237 shares of the construction company's stock valued at $9,978,000 after acquiring an additional 9,107 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in shares of Masco during the 4th quarter worth $1,411,000. Finally, Teacher Retirement System of Texas boosted its position in shares of Masco by 40.4% during the 4th quarter. Teacher Retirement System of Texas now owns 365,472 shares of the construction company's stock worth $23,193,000 after purchasing an additional 105,110 shares in the last quarter. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MAS shares. Wells Fargo & Company increased their price target on shares of Masco from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Weiss Ratings raised shares of Masco from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. upped their target price on shares of Masco from $74.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Robert W. Baird increased their target price on shares of Masco from $72.00 to $80.00 and gave the company a "neutral" rating in a report on Thursday, April 23rd. 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 research report on Thursday, July 30th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $79.87.

Masco Stock Performance

Masco stock opened at $75.20 on Thursday. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The stock has a fifty day moving average of $76.82 and a two-hundred day moving average of $70.93. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 17.29, a PEG ratio of 1.86 and a beta of 1.30. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64.

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

Masco Announces Dividend

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

Masco announced that its board has initiated a stock buyback program on Thursday, May 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are 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.

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