Masco Corporation $MAS Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Masco Corporation (NYSE:MAS) by 19.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,063,286 shares of the construction company’s stock after purchasing an additional 977,684 shares during the quarter. JPMorgan Chase & Co.’s holdings in Masco were worth $384,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp grew its position in Masco by 3.8% in the 3rd quarter. State Street Corp now owns 10,175,075 shares of the construction company’s stock valued at $716,224,000 after acquiring an additional 367,937 shares in the last quarter. Boston Partners grew its position in Masco by 1.0% in the 3rd quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock valued at $411,832,000 after acquiring an additional 58,609 shares in the last quarter. Nordea Investment Management AB grew its position in Masco by 6.5% in the 4th quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock valued at $278,619,000 after acquiring an additional 267,012 shares in the last quarter. Norges Bank acquired a new position in Masco in the 4th quarter valued at about $194,818,000. Finally, Wellington Management Group LLP acquired a new position in Masco in the 3rd quarter valued at about $192,948,000. 93.91% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MAS shares. Robert W. Baird boosted their price objective on Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. BMO Capital Markets lowered their price objective on Masco from $77.00 to $75.00 and set a “market perform” rating for the company in a research report on Monday, April 20th. UBS Group boosted their price objective on Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Truist Financial boosted their price objective on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Evercore raised Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Monday, April 13th. Seven analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $80.07.

Masco Price Performance

MAS stock opened at $70.94 on Thursday. The business has a 50 day moving average price of $67.65 and a 200 day moving average price of $67.00. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 1.78 and a beta of 1.31. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.16. The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.07 billion. Masco had a return on equity of 815.20% and a net margin of 10.90%.The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.87 earnings per share. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current fiscal year.

Masco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 8th. Investors of record on Friday, May 22nd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.28 annualized dividend and a yield of 1.8%. Masco’s payout ratio is presently 31.76%.

Masco announced that its board has authorized a stock repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in shares. This buyback authorization allows the construction company to reacquire 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 shares are undervalued.

Masco Company 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.