Rakuten Investment Management Inc. Buys Shares of 33,923 Masco Corporation $MAS

Rakuten Investment Management Inc. purchased a new position in shares of Masco Corporation (NYSE:MAS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,923 shares of the construction company’s stock, valued at approximately $2,731,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MAS. Covestor Ltd lifted its holdings in Masco by 20.7% during the fourth quarter. Covestor Ltd now owns 829 shares of the construction company’s stock worth $53,000 after acquiring an additional 142 shares in the last quarter. Ritholtz Wealth Management increased its holdings in shares of 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 acquiring an additional 150 shares in the last quarter. Andina Capital Management LLC increased its holdings 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 acquiring an additional 154 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Masco by 3.5% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 4,945 shares of the construction company’s stock worth $314,000 after purchasing an additional 167 shares during the period. Finally, Fayez Sarofim & Co raised its position in shares of Masco by 0.7% during the fourth quarter. Fayez Sarofim & Co now owns 26,075 shares of the construction company’s stock worth $1,655,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 93.91% of the company’s stock.

Masco Trading Up 0.0%

Shares of Masco stock opened at $73.28 on Monday. The stock has a market cap of $14.45 billion, a P/E ratio of 16.85, a P/E/G ratio of 1.85 and a beta of 1.30. 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 Corporation has a 12-month low of $58.16 and a 12-month high of $83.64. The business’s 50 day moving average is $76.70 and its 200-day moving average is $71.11.

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

Masco Announces Dividend

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

Masco declared that its board has authorized a share repurchase program on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

MAS has been the topic of a number of research reports. Barclays cut their price target on shares of Masco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 30th. Wells Fargo & Company increased their price objective 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. DA Davidson initiated coverage on shares of Masco in a report on Monday, August 24th. They set a “neutral” rating and a $80.00 price objective on the stock. Evercore cut shares of Masco from an “outperform” rating to an “in-line” rating and set a $78.00 price objective on the stock. in a research report on Thursday, July 30th. Finally, Citigroup reduced their target price on shares of Masco from $79.00 to $77.00 and set a “neutral” rating for the company in a research note on Friday, July 31st. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $79.88.

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.