Nordea Investment Management AB Raises Stake in Masco Corporation $MAS

Key Points

• Nordea Investment Management raised its stake in Masco by 6.5% in Q4 to 4,371,864 shares, representing about 2.10% of the company and valued at roughly $278.6 million.
• Masco authorized a $2.00 billion stock buyback (up to 13.5% of shares) and increased its quarterly dividend to $0.32, implying a 2.2% yield, signaling management confidence in the shares.
• In its latest quarter Masco beat EPS estimates ($0.82 vs. $0.78) while revenue fell 1.9% year-over-year to $1.79 billion; the company set FY2026 guidance of $4.10–$4.30 EPS versus analysts' forecast of $4.34 and a consensus "Hold" rating with a $76.94 price target.

Nordea Investment Management AB increased its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,371,864 shares of the construction company's stock after acquiring an additional 267,012 shares during the period. Nordea Investment Management AB owned approximately 2.10% of Masco worth $278,619,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rossby Financial LCC lifted its holdings in shares of Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company's stock valued at $26,000 after purchasing an additional 212 shares during the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Masco in the 3rd quarter worth approximately $26,000. Elevation Point Wealth Partners LLC bought a new position in Masco during the 2nd quarter valued at approximately $28,000. Community Bank N.A. purchased a new position in Masco during the third quarter valued at $34,000. Finally, Headlands Technologies LLC raised its stake in Masco by 114.5% during the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company's stock valued at $35,000 after buying an additional 293 shares during the last quarter. Hedge funds and other institutional investors own 93.91% of the company's stock.

Masco Trading Down 1.6%

NYSE:MAS opened at $58.74 on Friday. The company has a current ratio of 1.81, a quick ratio of 1.14 and a debt-to-equity ratio of 38.75. Masco Corporation has a 12 month low of $56.55 and a 12 month high of $79.19. The company has a market cap of $11.96 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.27. The company has a 50 day simple moving average of $69.10 and a two-hundred day simple moving average of $67.48.

Masco (NYSE:MAS - Get Free Report) last released its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The firm had revenue of $1.79 billion for the quarter, compared to analysts' expectations of $1.82 billion. During the same period in the prior year, the firm earned $0.89 EPS. The company's revenue was down 1.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Research analysts forecast that Masco Corporation will post 4.34 earnings per share for the current year.

Masco declared that its board has authorized a stock buyback program on Tuesday, February 10th that allows the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization allows the construction company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's management believes its shares are undervalued.

Masco Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Friday, February 20th were given a $0.32 dividend. The ex-dividend date of this dividend was Friday, February 20th. This is a positive change from Masco's previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 2.2%. Masco's payout ratio is 33.25%.

Insider Activity

In other news, CAO Heath M. Eisman sold 747 shares of the company's stock in a transaction dated Thursday, February 26th. The shares were sold at an average price of $71.92, for a total transaction of $53,724.24. Following the completion of the sale, the chief accounting officer owned 12,510 shares of the company's stock, valued at $899,719.20. This represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

MAS has been the topic of a number of recent research reports. Citigroup increased their target price on Masco from $71.00 to $84.00 and gave the stock a "neutral" rating in a research note on Thursday, February 12th. BMO Capital Markets reaffirmed a "market perform" rating and issued a $77.00 price target on shares of Masco in a research report on Thursday, February 12th. Weiss Ratings cut shares of Masco from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 9th. Royal Bank Of Canada increased their price objective on shares of Masco from $67.00 to $74.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 11th. Finally, Zelman & Associates cut shares of Masco to a "hold" rating in a report on Wednesday, February 11th. Six analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $76.94.

Masco Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.