United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Raises Stock Position in Masco Corporation $MAS

Key Points

• United Super Pty Ltd boosted its Masco stake by 713.8% in the fourth quarter, ending with 166,822 shares worth about $10.6 million.
• Several other institutional investors also increased their Masco holdings, and hedge funds and institutions now own 93.91% of the company’s stock.
• Masco posted quarterly EPS of $1.04, topping estimates, while revenue came in below expectations; the company also authorized a $2 billion share buyback and declared a $0.32 quarterly dividend.

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund increased its holdings in shares of Masco Corporation (NYSE:MAS - Free Report) by 713.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,822 shares of the construction company's stock after purchasing an additional 146,322 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.08% of Masco worth $10,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC boosted its holdings in Masco by 1.9% during the fourth quarter. Intech Investment Management LLC now owns 25,993 shares of the construction company's stock worth $1,650,000 after buying an additional 480 shares in the last quarter. Allstate Corp raised its position in shares of Masco by 111.6% in the fourth quarter. Allstate Corp now owns 11,783 shares of the construction company's stock worth $748,000 after acquiring an additional 6,215 shares during the period. Clearstead Advisors LLC raised its position in shares of Masco by 42.0% in the fourth quarter. Clearstead Advisors LLC now owns 1,345 shares of the construction company's stock worth $85,000 after acquiring an additional 398 shares during the period. Morningstar Investment Management LLC raised its position in shares of Masco by 14.0% in the fourth quarter. Morningstar Investment Management LLC now owns 45,436 shares of the construction company's stock worth $2,883,000 after acquiring an additional 5,586 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Masco in the fourth quarter worth about $1,411,000. Hedge funds and other institutional investors own 93.91% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MAS. Citigroup decreased their price objective on shares of Masco from $84.00 to $79.00 and set a "neutral" rating for the company in a research report on Thursday, April 23rd. Barclays upped their price objective on shares of Masco from $65.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 22nd. Zelman & Associates downgraded shares of Masco to a "hold" rating in a research report on Wednesday, February 11th. Robert W. Baird increased their price objective 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, Bank of America decreased their price objective on shares of Masco from $69.00 to $61.00 and set an "underperform" rating on the stock in a report on Monday, April 20th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $80.07.

Masco Stock Performance

MAS opened at $70.69 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The company has a market cap of $14.26 billion, a price-to-earnings ratio of 17.54, a PEG ratio of 1.72 and a beta of 1.34. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $79.19. The firm's fifty day simple moving average is $65.83 and its two-hundred day simple moving average is $66.41.

Masco (NYSE:MAS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.16. The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The company's revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 10th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the construction company to buy up to 13.5% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its shares are undervalued.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Stockholders of record on Friday, May 22nd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, May 22nd. Masco's dividend payout ratio is 31.76%.

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.

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