Mitsubishi UFJ Asset Management Co. Ltd. Grows Holdings in Masco Corporation $MAS

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Masco Corporation (NYSE:MAS) by 1.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 563,875 shares of the construction company’s stock after purchasing an additional 7,508 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Masco were worth $36,353,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rossby Financial LCC increased its holdings in Masco by 134.2% in the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after buying an additional 212 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in shares of Masco during the third quarter worth about $26,000. Bogart Wealth LLC increased its stake in shares of 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 purchasing an additional 408 shares in the last quarter. Community Bank N.A. purchased a new stake in shares of Masco during the third quarter worth about $34,000. Finally, Headlands Technologies LLC increased its stake in shares of 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 purchasing an additional 293 shares in the last quarter. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Stock Performance

MAS opened at $71.73 on Friday. The firm has a market capitalization of $14.47 billion, a PE ratio of 17.80, a PEG ratio of 1.77 and a beta of 1.34. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $79.19. The firm’s 50-day moving average price is $65.16 and its 200 day moving average price is $66.20. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its quarterly earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.16. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. Masco’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. As a group, sell-side analysts expect that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Friday, February 20th were given a dividend of $0.32 per share. The ex-dividend date was Friday, February 20th. This is a boost from Masco’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Masco’s dividend payout ratio (DPR) is presently 31.76%.

Masco declared that its board has authorized a stock repurchase plan on Tuesday, February 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the construction company to purchase up to 13.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of research firms have recently commented on MAS. Citigroup cut their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. Bank of America cut their target price on shares of Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Zelman & Associates cut shares of Masco to a “hold” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada boosted their target price on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group boosted their target price on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.07.

Insiders Place Their Bets

In related news, CAO Heath M. Eisman sold 747 shares of the business’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 transaction, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. The trade was a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company’s stock.

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.