OMERS ADMINISTRATION Corp Acquires New Position in Masco Corporation $MAS

OMERS ADMINISTRATION Corp acquired a new stake in Masco Corporation (NYSE:MAS) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 48,568 shares of the construction company’s stock, valued at approximately $3,952,000.

A number of other institutional investors have also bought and sold shares of MAS. BlackRock Inc. acquired a new stake in shares of Masco during the second quarter worth about $1,278,943,000. Norges Bank purchased a new stake in Masco during the 4th quarter worth approximately $194,818,000. Wellington Management Group LLP purchased a new stake in Masco during the 3rd quarter worth approximately $192,948,000. Bank of New York Mellon Corp acquired a new stake in Masco during the 2nd quarter worth approximately $156,668,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Masco by 443.6% during 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 buying an additional 1,901,815 shares in the last quarter. 93.91% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on MAS shares. DA Davidson initiated coverage on shares of Masco in a research note on Monday. They issued a “neutral” rating and a $80.00 price target for the company. Deutsche Bank Aktiengesellschaft set a $74.00 price objective on Masco in a research note on Monday, August 3rd. UBS Group lowered their target price on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Evercore downgraded Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target on the stock. in a report on Thursday, July 30th. Finally, Citigroup reduced their price target on Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Seven investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.88.

Masco Trading Down 0.2%

NYSE:MAS opened at $73.08 on Wednesday. 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 has a market capitalization of $14.41 billion, a PE ratio of 16.80, a P/E/G ratio of 1.85 and a beta of 1.30. The stock’s 50 day moving average price is $76.74 and its 200 day moving average price is $71.08. Masco Corporation has a 52-week low of $58.16 and a 52-week high of $83.64.

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. The firm had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.08 billion. Masco had a return on equity of 2,379.08% and a net margin of 11.61%.The firm’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 EPS. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. On average, research analysts anticipate that Masco Corporation will post 4.52 EPS for the current year.

Masco declared that its Board of Directors has authorized a stock buyback program on Thursday, May 7th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the construction company to repurchase 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 stock is undervalued.

Masco Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 24th. This represents a $1.28 annualized dividend and a yield of 1.8%. Masco’s dividend payout ratio is 29.43%.

About Masco

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.