Commerce Bank Invests $949,000 in Masco Corporation $MAS

Commerce Bank bought a new position in Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 11,664 shares of the construction company’s stock, valued at approximately $949,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Masco during the 2nd quarter valued at about $38,288,000. Quantbot Technologies LP bought a new stake in Masco during the 2nd quarter worth approximately $1,208,000. Evolve Private Wealth LLC purchased a new position in Masco during the second quarter valued at approximately $381,000. Landscape Capital Management L.L.C. purchased a new position in Masco during the second quarter valued at approximately $643,000. Finally, Korea Investment CORP bought a new position in shares of Masco in the second quarter worth approximately $7,640,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Stock Up 0.9%

Shares of MAS stock opened at $73.57 on Thursday. The stock has a market cap of $14.51 billion, a P/E ratio of 16.91, a PEG ratio of 1.85 and a beta of 1.30. 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 company’s fifty day simple moving average is $76.76 and its two-hundred day simple moving average is $71.09.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $1.64 EPS for the quarter, beating the consensus estimate of $1.32 by $0.32. Masco had a net margin of 11.61% and a return on equity of 2,379.08%. The business had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. The business’s revenue was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Analysts predict that Masco Corporation will post 4.52 EPS for the current fiscal year.

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

Masco Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 yield of 1.7%. The ex-dividend date is Monday, August 24th. Masco’s dividend payout ratio (DPR) is currently 29.43%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Truist Financial cut 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 target on Masco in a report on Monday, August 3rd. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 14th. Finally, DA Davidson started coverage on Masco in a research note on Monday. They issued a “neutral” rating and a $80.00 price objective for the company. Seven investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Masco presently has a consensus rating of “Hold” and a consensus target price of $79.88.

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.