Man Group plc Invests $10.54 Million in Masco Corporation $MAS

Key Points

• Man Group acquired 129,532 Masco shares worth approximately $10.54 million, giving it a 0.07% stake. Institutional investors collectively own 93.91% of Masco’s stock.
• Masco reported quarterly EPS of $1.64, beating estimates of $1.32, while revenue declined 2.9% year over year to $1.99 billion. The company also authorized a $300 million share-repurchase program and pays a $0.32 quarterly dividend, yielding about 1.7%.
• Analyst sentiment is mixed, with seven Buy, eleven Hold, and one Sell rating; the consensus rating is Hold with a target price of $79.88.

Man Group plc acquired a new stake in Masco Corporation (NYSE:MAS - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 129,532 shares of the construction company's stock, valued at approximately $10,540,000. Man Group plc owned 0.07% of Masco as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MAS. BlackRock Inc. acquired a new position in shares of Masco in the second quarter worth $1,278,943,000. State Street Corp boosted its holdings in Masco by 0.6% in the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company's stock valued at $649,545,000 after purchasing an additional 60,430 shares during the period. JPMorgan Chase & Co. boosted its holdings in Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company's stock valued at $384,776,000 after purchasing an additional 977,684 shares during the period. Boston Partners grew its stake in Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company's stock worth $411,832,000 after purchasing an additional 58,609 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Masco by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company's stock worth $306,295,000 after purchasing an additional 2,085,454 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company's stock.

Masco Stock Up 0.7%

Masco stock opened at $73.28 on Friday. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The stock has a market cap of $14.45 billion, a PE ratio of 16.85, a P/E/G ratio of 1.84 and a beta of 1.30. The stock's fifty day moving average is $76.70 and its two-hundred day moving average is $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 (EPS) for the quarter, topping 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 business had revenue of $1.99 billion during the quarter, compared to analysts' expectations of $2.08 billion. During the same period in the prior year, the firm posted $1.30 EPS. The business'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. On average, sell-side analysts expect that Masco Corporation will post 4.52 EPS for the current fiscal year.

Masco announced that its board has authorized a share repurchase program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to buy up to 2.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Masco Announces Dividend

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

Analyst Ratings Changes

MAS has been the topic of a number of analyst reports. Wells Fargo & Company increased their price target on Masco from $85.00 to $87.00 and gave the company an "overweight" rating in a research report on Tuesday, July 14th. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 14th. DA Davidson assumed coverage on shares of Masco in a research note on Monday. They set a "neutral" rating and a $80.00 target price on the stock. UBS Group reduced their target price on shares of Masco from $97.00 to $94.00 and set a "buy" rating on the stock in a report on Thursday, July 30th. Finally, Evercore downgraded shares of Masco from an "outperform" rating to an "in-line" rating and set a $78.00 price target for the company. in a research note on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $79.88.

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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