CIBC Asset Management Inc Acquires 19,097 Shares of Masco Corporation $MAS

CIBC Asset Management Inc lifted its holdings in shares of Masco Corporation (NYSE:MAS) by 64.2% during the 4th quarter, Holdings Channel reports. The firm owned 48,826 shares of the construction company’s stock after purchasing an additional 19,097 shares during the period. CIBC Asset Management Inc’s holdings in Masco were worth $3,098,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in MAS. Focus Partners Wealth boosted its position in shares of Masco by 2.6% during the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock worth $724,000 after acquiring an additional 265 shares in the last quarter. CW Advisors LLC acquired a new stake in shares of Masco during the 2nd quarter worth approximately $238,000. Bank of Nova Scotia boosted its position in shares of Masco by 14.8% during the 2nd quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after acquiring an additional 3,294 shares in the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Masco during the 2nd quarter worth approximately $415,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Masco by 4.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 31,832 shares of the construction company’s stock worth $2,049,000 after acquiring an additional 1,413 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MAS has been the topic of several analyst reports. Barclays increased their price target on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group increased their price target 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. UBS Group increased their price target on shares of Masco from $96.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Weiss Ratings lowered shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Finally, Bank of America reduced their price target 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. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Masco has a consensus rating of “Hold” and a consensus target price of $80.07.

Masco Stock Performance

Shares of Masco stock opened at $69.42 on Monday. Masco Corporation has a fifty-two week low of $58.16 and a fifty-two week high of $79.19. The company has a debt-to-equity ratio of 109.07, a current ratio of 1.75 and a quick ratio of 1.11. The firm has a market capitalization of $14.00 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.71 and a beta of 1.31. The company’s 50 day moving average price is $66.97 and its two-hundred day moving average price is $66.76.

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

Masco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 8th. Shareholders of record on Friday, May 22nd will be given a $0.32 dividend. The ex-dividend date is Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a yield of 1.8%. Masco’s dividend payout ratio (DPR) is currently 31.76%.

Masco declared that its Board of Directors has approved a share repurchase program on Tuesday, February 10th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the construction company to reacquire up to 13.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board 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.