Korea Investment CORP Makes New $7.64 Million Investment in Masco Corporation $MAS

Korea Investment CORP acquired a new stake in shares of Masco Corporation (NYSE:MAS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 93,886 shares of the construction company’s stock, valued at approximately $7,640,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of MAS. Covestor Ltd lifted its position in Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock valued at $53,000 after purchasing an additional 142 shares in the last quarter. Ritholtz Wealth Management increased its position in Masco by 3.9% in the first quarter. Ritholtz Wealth Management now owns 4,017 shares of the construction company’s stock worth $242,000 after buying an additional 150 shares in the last quarter. Andina Capital Management LLC raised its stake in shares of Masco by 2.4% in the fourth quarter. Andina Capital Management LLC now owns 6,565 shares of the construction company’s stock worth $417,000 after buying an additional 154 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Masco by 3.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after buying an additional 167 shares during the period. Finally, Fayez Sarofim & Co lifted its position in shares of Masco by 0.7% during the 4th quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock valued at $1,655,000 after buying an additional 180 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MAS shares. Evercore lowered shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 target price for the company. in a report on Thursday, July 30th. Truist Financial lowered their price target on shares of Masco from $90.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on shares of Masco from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Barclays reduced their price objective on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Thursday, July 30th. Finally, Citigroup decreased their price objective on shares of Masco from $79.00 to $77.00 and set a “neutral” rating on the stock in a research report on Friday, July 31st. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $79.88.

Masco Stock Performance

MAS opened at $73.20 on Tuesday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $83.64. The company has a debt-to-equity ratio of 109.07, a quick ratio of 1.22 and a current ratio of 1.86. The company has a fifty day moving average of $76.78 and a 200 day moving average of $71.07. The stock has a market capitalization of $14.43 billion, a price-to-earnings ratio of 16.83, a PEG 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 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.32. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate 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 period in the previous year, the business earned $1.30 earnings per share. Masco has set its FY 2026 guidance at 4.400-4.600 EPS. As a group, sell-side analysts forecast that Masco Corporation will post 4.52 earnings per share for the current fiscal year.

Masco Announces Dividend

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

Masco announced that its Board of Directors has authorized a stock buyback plan on Thursday, May 7th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the construction company to buy up to 2.1% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is 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.