Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.41 Million Investment in Masco Corporation $MAS

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Masco Corporation (NYSE:MAS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,240 shares of the construction company’s stock, valued at approximately $1,411,000.

Several other large investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Masco by 3.8% during the third quarter. State Street Corp now owns 10,175,075 shares of the construction company’s stock worth $716,224,000 after purchasing an additional 367,937 shares in the last quarter. Boston Partners lifted its position in shares of Masco by 1.0% during the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock worth $411,832,000 after purchasing an additional 58,609 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Masco by 32.3% during the third quarter. JPMorgan Chase & Co. now owns 5,085,602 shares of the construction company’s stock worth $357,976,000 after purchasing an additional 1,240,322 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Masco by 6.5% during the fourth quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock worth $278,619,000 after purchasing an additional 267,012 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Masco during the third quarter worth approximately $192,948,000. 93.91% of the stock is owned by institutional investors.

Masco Trading Up 0.9%

Shares of NYSE MAS opened at $67.26 on Friday. The company’s 50 day simple moving average is $65.12 and its 200 day simple moving average is $66.20. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19. The firm has a market capitalization of $13.57 billion, a P/E ratio of 16.69, a P/E/G ratio of 1.64 and a beta of 1.34. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11.

Masco (NYSE:MAS) last announced its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.16. Masco had a net margin of 10.90% and a return on equity of 815.20%. The business had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. During the same period in the prior year, the business posted $0.87 earnings per share. Masco’s revenue was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. On average, analysts predict that Masco Corporation will post 4.25 EPS for the current year.

Masco Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 8th. Investors of record on Friday, May 22nd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, May 22nd. Masco’s dividend payout ratio is currently 31.76%.

Masco announced that its board has authorized a stock buyback program on Tuesday, February 10th that permits the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization permits the construction company to repurchase up to 13.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Masco from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th. BMO Capital Markets reduced their target price on shares of Masco from $77.00 to $75.00 and set a “market perform” rating on the stock in a research report on Monday, April 20th. Evercore upgraded shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research report on Monday, April 13th. The Goldman Sachs Group upped their target price on shares of Masco from $79.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Bank of America reduced their target price on shares of Masco from $69.00 to $61.00 and set an “underperform” rating on the stock in a research report on Monday, April 20th. Eight equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $80.07.

Insiders Place Their Bets

In other Masco news, CAO Heath M. Eisman sold 747 shares of the stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $71.92, for a total value of $53,724.24. Following the sale, the chief accounting officer directly owned 12,510 shares in the company, valued at approximately $899,719.20. This trade represents a 5.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by corporate insiders.

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.