Mitsubishi UFJ Asset Management Co. Ltd. Invests $40.69 Million in Masco Corporation $MAS

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Masco Corporation (NYSE:MAS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 500,097 shares of the construction company’s stock, valued at approximately $40,693,000.

Other institutional investors have also recently bought and sold shares of the company. Bard Associates Inc. purchased a new position in Masco during the fourth quarter worth approximately $25,000. Sunbelt Securities Inc. acquired a new position in shares of Masco in the 3rd quarter valued at $26,000. Bogart Wealth LLC grew its stake in shares of Masco by 2,550.0% during the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after buying an additional 408 shares during the period. Bell Investment Advisors Inc purchased a new stake in shares of Masco during the 2nd quarter valued at $32,000. Finally, Headlands Technologies LLC increased its holdings in shares of Masco by 114.5% during the 2nd quarter. Headlands Technologies LLC now owns 549 shares of the construction company’s stock worth $35,000 after buying an additional 293 shares during the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on MAS shares. Barclays cut their target price on Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 30th. Evercore lowered Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price target for the company. in a research note on Thursday, July 30th. Weiss Ratings upgraded Masco from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 23rd. Robert W. Baird lifted their price objective on Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a research note on Thursday, April 23rd. Finally, UBS Group decreased their target price on Masco from $97.00 to $94.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $79.87.

Masco Trading Up 2.5%

Shares of MAS opened at $75.20 on Thursday. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $83.64. The stock’s 50-day moving average is $76.82 and its two-hundred day moving average is $70.93. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.86 and a quick ratio of 1.22. The stock has a market cap of $14.83 billion, a PE ratio of 17.29, a P/E/G ratio of 1.86 and a beta of 1.30.

Masco (NYSE:MAS) last posted its earnings results on Wednesday, July 29th. The construction company reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.32. The business 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 for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. Equities analysts forecast that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 24th will be given 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 1.7%. Masco’s dividend payout ratio (DPR) is 29.43%.

Masco declared that its board has approved 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 repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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.