Royal Bank of Canada Sells 93,091 Shares of Masco Corporation $MAS

Royal Bank of Canada trimmed its position in Masco Corporation (NYSE:MAS) by 21.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 343,685 shares of the construction company’s stock after selling 93,091 shares during the period. Royal Bank of Canada’s holdings in Masco were worth $20,750,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new stake in shares of Masco during the 4th quarter valued at $194,818,000. Wellington Management Group LLP purchased a new stake in shares of Masco in the 3rd quarter worth about $192,948,000. Jacobs Levy Equity Management Inc. increased its stake in shares of Masco by 443.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock worth $164,046,000 after acquiring an additional 1,901,815 shares in the last quarter. Barclays PLC increased its stake in shares of Masco by 234.5% in the 4th quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock worth $103,112,000 after acquiring an additional 1,139,098 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock valued at $384,776,000 after acquiring an additional 977,684 shares during the period. Institutional investors own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. UBS Group cut their price objective on shares of Masco from $97.00 to $94.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Zacks Research upgraded shares of Masco from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. JPMorgan Chase & Co. boosted their price target on Masco from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, April 24th. Wells Fargo & Company upped their price target on Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.87.

Masco Trading Up 0.3%

NYSE:MAS opened at $77.35 on Thursday. The company’s 50 day moving average price is $75.83 and its 200-day moving average price is $70.49. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.64. The company has a quick ratio of 1.22, a current ratio of 1.86 and a debt-to-equity ratio of 109.07. The stock has a market cap of $15.25 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 1.95 and a beta of 1.30.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. The company 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 firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, equities research analysts forecast that Masco Corporation will post 4.53 earnings per share for the current fiscal year.

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

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Masco’s payout ratio is currently 29.43%.

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.