Bank of Nova Scotia Purchases Shares of 21,298 Masco Corporation $MAS

Bank of Nova Scotia acquired a new position in shares of Masco Corporation (NYSE:MAS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 21,298 shares of the construction company’s stock, valued at approximately $1,733,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bard Associates Inc. acquired a new stake in shares of Masco during the 4th quarter worth about $25,000. Sunbelt Securities Inc. acquired a new stake in Masco during the third quarter worth approximately $26,000. Bogart Wealth LLC lifted its position in 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 acquiring an additional 408 shares during the last quarter. Bell Investment Advisors Inc bought a new stake in shares of Masco during the second quarter worth approximately $32,000. Finally, Headlands Technologies LLC boosted its holdings 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 acquiring an additional 293 shares during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on MAS shares. Barclays lowered their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Truist Financial reduced their price target on Masco from $90.00 to $85.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a report on Monday, August 3rd. Zacks Research cut Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, Citigroup dropped their target price on Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a report on Friday, July 31st. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $79.88.

Masco Stock Up 0.9%

Shares of MAS opened at $73.57 on Thursday. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The firm’s 50 day moving average is $76.76 and its 200-day moving average is $71.09. The stock has a market capitalization of $14.51 billion, a PE ratio of 16.91, a P/E/G ratio of 1.85 and a beta of 1.30.

Masco (NYSE:MAS) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the previous year, the company posted $1.30 earnings per share. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities research analysts forecast that Masco Corporation will post 4.52 EPS for the current year.

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, August 24th. Masco’s dividend payout ratio is 29.43%.

Masco declared that its board has approved a share buyback plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.