Vinva Investment Management Ltd Invests $24.86 Million in Masco Corporation $MAS

Vinva Investment Management Ltd purchased a new stake in shares of Masco Corporation (NYSE:MAS) during the third quarter, HoldingsChannel.com reports. The institutional investor purchased 354,958 shares of the construction company’s stock, valued at approximately $24,861,000.

Other institutional investors also recently modified their holdings of the company. Rossby Financial LCC increased its holdings in Masco by 134.2% in the 3rd quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock worth $26,000 after buying an additional 212 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in Masco during the 2nd quarter valued at about $28,000. Headlands Technologies LLC boosted its holdings in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after acquiring an additional 293 shares during the last quarter. Caldwell Trust Co purchased a new stake in shares of Masco during the 2nd quarter valued at about $37,000. Finally, CYBER HORNET ETFs LLC bought a new stake in shares of Masco in the second quarter worth approximately $37,000. 93.91% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Masco

In related news, CAO Heath M. Eisman sold 747 shares of the company’s stock in a transaction on 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 transaction, the chief accounting officer owned 12,510 shares in the company, valued at approximately $899,719.20. This represents a 5.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.

Analysts Set New Price Targets

MAS has been the subject of several research reports. Evercore set a $78.00 price objective on shares of Masco in a report on Wednesday, February 11th. Robert W. Baird set a $82.00 target price on shares of Masco in a report on Wednesday, February 11th. Royal Bank Of Canada boosted their target price on shares of Masco from $67.00 to $74.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 11th. Weiss Ratings raised Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $77.00 price target on shares of Masco in a research note on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $76.94.

Masco Stock Performance

NYSE:MAS opened at $63.66 on Friday. The stock has a 50-day moving average price of $69.84 and a 200 day moving average price of $68.33. The stock has a market capitalization of $12.96 billion, a P/E ratio of 16.54, a P/E/G ratio of 1.81 and a beta of 1.27. Masco Corporation has a 12-month low of $56.55 and a 12-month high of $79.19. 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 (NYSE:MAS) last posted its quarterly earnings results on Tuesday, February 10th. The construction company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Masco had a return on equity of 856.70% and a net margin of 10.71%.The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same period in the previous year, the firm earned $0.89 EPS. The firm’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. Equities research analysts forecast that Masco Corporation will post 4.34 EPS for the current fiscal year.

Masco declared that its board has approved a stock repurchase plan on Tuesday, February 10th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the construction company to reacquire up to 13.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Masco Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Friday, February 20th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 2.0%. This is a boost from Masco’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, February 20th. Masco’s payout ratio is presently 33.25%.

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.