Rakuten Investment Management Inc. Takes $2.73 Million Position in Masco Corporation $MAS

Key Points

• Rakuten Investment Management acquired 33,923 Masco shares worth approximately $2.73 million in the second quarter. Institutional investors collectively own 93.91% of Masco’s outstanding stock.
• Analysts maintain a broadly cautious outlook, with a consensus “Hold” rating and an average price target of $79.88, compared with the stock’s recent opening price of $73.28.
• Masco exceeded quarterly EPS expectations, reporting $1.64 versus the $1.32 consensus estimate, while revenue declined 2.9% year over year. The company also pays a $0.32 quarterly dividend and has authorized a $300 million share-buyback program.

Rakuten Investment Management Inc. purchased a new position in shares of Masco Corporation (NYSE:MAS - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 33,923 shares of the construction company's stock, valued at approximately $2,731,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. bought a new position in shares of Masco in the third quarter worth about $26,000. Bard Associates Inc. bought a new stake in shares of Masco during the fourth quarter valued at approximately $25,000. Bell Investment Advisors Inc bought a new stake in shares of Masco during the second quarter valued at approximately $32,000. Headlands Technologies LLC increased its holdings in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company's stock valued at $35,000 after purchasing an additional 293 shares in the last quarter. Finally, CYBER HORNET ETFs LLC acquired a new stake in shares of Masco in the second quarter valued at approximately $37,000. Institutional investors own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MAS shares. Zacks Research downgraded Masco from a "strong-buy" rating to a "hold" rating in a report on Friday, August 14th. Truist Financial dropped their target price on Masco from $90.00 to $85.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price target on Masco in a research note on Monday, August 3rd. Citigroup decreased their price target on Masco from $79.00 to $77.00 and set a "neutral" rating on the stock in a report on Friday, July 31st. Finally, UBS Group lowered their price objective on Masco from $97.00 to $94.00 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, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $79.88.

Masco Price Performance

Shares of MAS stock opened at $73.28 on Monday. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64. The stock has a market cap of $14.45 billion, a PE ratio of 16.85, a PEG ratio of 1.85 and a beta of 1.30. 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 firm's 50 day moving average price is $76.70 and its two-hundred day moving average price is $71.11.

Masco (NYSE:MAS - Get Free Report) last released its earnings results on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, topping analysts' consensus estimates of $1.32 by $0.32. The firm had revenue of $1.99 billion during 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%. The business's quarterly revenue was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Announces Dividend

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

Masco declared that its board has initiated a stock buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management 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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