QRG Capital Management Inc. Has $2.59 Million Holdings in Masco Corporation $MAS

QRG Capital Management Inc. cut its position in shares of Masco Corporation (NYSE:MAS) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,876 shares of the construction company’s stock after selling 11,731 shares during the period. QRG Capital Management Inc.’s holdings in Masco were worth $2,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its holdings in Masco by 0.6% in the 4th quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock valued at $649,545,000 after buying an additional 60,430 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after acquiring an additional 977,684 shares during the period. Boston Partners boosted its position in shares of Masco by 1.0% during the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Masco by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after acquiring an additional 2,085,454 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Masco by 6.5% in the fourth quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock valued at $278,619,000 after acquiring an additional 267,012 shares during the period. 93.91% of the stock is owned by institutional investors.

Masco Price Performance

Shares of MAS traded down $1.10 during mid-day trading on Tuesday, hitting $79.94. 144,979 shares of the company traded hands, compared to its average volume of 2,712,077. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07. The stock has a market capitalization of $16.13 billion, a price-to-earnings ratio of 19.85, a PEG ratio of 2.04 and a beta of 1.29. The business has a 50-day moving average of $72.48 and a 200 day moving average of $68.73. Masco Corporation has a one year low of $58.16 and a one year high of $83.21.

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

Masco announced that its Board of Directors has approved a stock repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to buy up to 2.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Masco Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s payout ratio is currently 31.76%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Truist Financial lifted their price objective on Masco from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Barclays upped their target price on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Citigroup reduced their price target on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Finally, BMO Capital Markets decreased their price objective on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a research note on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $80.07.

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.