Man Group plc Purchases New Position in Masco Corporation $MAS

Man Group plc acquired a new stake in Masco Corporation (NYSE:MAS) in the 2nd quarter, Holdings Channel reports. The fund acquired 129,532 shares of the construction company’s stock, valued at approximately $10,540,000.

Other hedge funds also recently made changes to their positions in the company. Jupiter Topco LLC acquired a new stake in shares of Masco during the second quarter worth about $1,398,000. Hsbc Holdings PLC purchased a new stake in shares of Masco in the 2nd quarter valued at about $30,116,000. Ancora Advisors LLC acquired a new stake in shares of Masco in the 2nd quarter valued at about $254,000. Canada Pension Plan Investment Board acquired a new stake in shares of Masco in the 2nd quarter valued at about $14,533,000. Finally, Legal & General Group Plc purchased a new position in Masco during the 2nd quarter worth approximately $59,448,000. Hedge funds and other institutional investors own 93.91% of the company’s stock.

Masco Trading Up 0.7%

NYSE:MAS opened at $73.28 on Friday. Masco Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The company has a current ratio of 1.86, a quick ratio of 1.22 and a debt-to-equity ratio of 109.07. The stock’s 50 day simple moving average is $76.70 and its 200-day simple moving average is $71.11. The firm has a market cap of $14.45 billion, a P/E ratio of 16.85, a PEG ratio of 1.84 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 for the quarter, topping 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 firm had revenue of $1.99 billion during the quarter, compared to the consensus estimate of $2.08 billion. During the same period last year, the company earned $1.30 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts anticipate that Masco Corporation will post 4.52 EPS for the current year.

Masco declared that its Board of Directors has initiated a share repurchase program on Thursday, May 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Masco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Monday, August 24th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, August 24th. Masco’s dividend payout ratio (DPR) is 29.43%.

Analyst Upgrades and Downgrades

Several research firms have commented on MAS. Citigroup cut 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. Zacks Research downgraded Masco from a “strong-buy” rating to a “hold” rating in a report on Friday, August 14th. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. Barclays cut their target price on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft set a $74.00 price target on shares of Masco in a research report on Monday, August 3rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $79.88.

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.