Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Stake in Masco Corporation $MAS

Key Points

• Mitsubishi UFJ Asset Management acquired 500,097 Masco shares worth approximately $40.7 million, representing a 0.25% stake. Institutional investors collectively own 93.91% of the company.
• Analyst sentiment is mixed, with seven Buy, ten Hold, and one Sell rating; the consensus rating is Hold with an average price target of $79.87. Masco recently beat quarterly EPS estimates, reporting $1.64 versus the $1.32 consensus, although revenue declined 2.9% year over year.
• Masco declared a quarterly dividend of $0.32 per share, equating to a 1.7% yield, and authorized a $300 million share-repurchase program covering up to 2.1% of its outstanding stock.

Mitsubishi UFJ Asset Management Co. Ltd. acquired 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 institutional investor acquired 500,097 shares of the construction company's stock, valued at approximately $40,693,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.25% of Masco at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. acquired a new position in shares of Masco during the 3rd quarter worth $26,000. Bard Associates Inc. purchased a new stake in Masco during the fourth quarter worth about $25,000. Bell Investment Advisors Inc purchased a new stake in Masco during the second quarter worth about $32,000. Bogart Wealth LLC grew its position in Masco by 2,550.0% during the fourth quarter. Bogart Wealth LLC now owns 424 shares of the construction company's stock worth $27,000 after buying an additional 408 shares during the period. 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 during the period. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MAS. UBS Group reduced their price target on shares of Masco from $97.00 to $94.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 14th. Citigroup reduced their price objective on Masco from $79.00 to $77.00 and set a "neutral" rating for the company in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their target price on Masco from $74.00 to $78.00 and gave the stock a "neutral" rating in a research report on Friday, April 24th. Finally, Truist Financial dropped their price target on 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 issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $79.87.

Masco Stock Performance

NYSE:MAS opened at $75.20 on Thursday. The firm has a 50 day simple moving average of $76.82 and a 200-day simple moving average of $70.93. 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 firm has a market cap of $14.83 billion, a PE ratio of 17.29, a P/E/G ratio of 1.86 and a beta of 1.30. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $83.64.

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

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Masco's dividend payout ratio (DPR) is 29.43%.

Masco declared that its board has approved a stock buyback plan on Thursday, May 7th that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is 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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