Canada Pension Plan Investment Board Purchases Shares of 178,600 Masco Corporation $MAS

Canada Pension Plan Investment Board purchased a new stake in Masco Corporation (NYSE:MAS) during the second quarter, HoldingsChannel.com reports. The firm purchased 178,600 shares of the construction company’s stock, valued at approximately $14,533,000.

Other hedge funds also recently modified their holdings of the company. Bard Associates Inc. acquired a new stake in Masco during the 4th quarter valued at $25,000. Sunbelt Securities Inc. acquired a new position in Masco in the third quarter worth $26,000. Bogart Wealth LLC grew its holdings in shares of 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 purchasing an additional 408 shares during the last quarter. Bell Investment Advisors Inc acquired a new stake in shares of Masco in the second quarter valued at $32,000. Finally, Headlands Technologies LLC increased its stake in shares of Masco by 114.5% in the second quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock valued at $35,000 after buying an additional 293 shares in the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MAS. Truist Financial reduced their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Wells Fargo & Company boosted their target price on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft set a $74.00 target price on shares of Masco in a research report on Monday, August 3rd. Zacks Research cut shares of Masco from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 14th. Finally, DA Davidson initiated coverage on shares of Masco in a report on Monday. They issued a “neutral” rating and a $80.00 price target for the company. 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.com, the company presently has an average rating of “Hold” and an average target price of $79.88.

Masco Trading Up 0.7%

Shares of MAS opened at $73.28 on Friday. The stock’s fifty day simple moving average is $76.70 and its 200-day simple moving average is $71.11. The firm has a market capitalization of $14.45 billion, a PE ratio of 16.85, a price-to-earnings-growth ratio of 1.84 and a beta of 1.30. Masco Corporation has a 12-month low of $58.16 and a 12-month 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.

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

Masco declared that its Board of Directors has initiated a share repurchase plan on Thursday, May 7th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the construction company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Masco Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were given a dividend of $0.32 per share. The ex-dividend date was Monday, August 24th. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. Masco’s payout ratio is currently 29.43%.

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.