Hsbc Holdings PLC Grows Stake in Masco Corporation $MAS

Hsbc Holdings PLC raised its holdings in shares of Masco Corporation (NYSE:MAS) by 14.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 509,669 shares of the construction company’s stock after purchasing an additional 62,939 shares during the period. Hsbc Holdings PLC owned 0.25% of Masco worth $32,410,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MAS. Bard Associates Inc. acquired a new stake in Masco in the fourth quarter worth about $25,000. Rossby Financial LCC increased its holdings in shares of Masco by 134.2% during the third quarter. Rossby Financial LCC now owns 370 shares of the construction company’s stock valued at $26,000 after acquiring an additional 212 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of Masco in the 3rd quarter valued at approximately $26,000. Bogart Wealth LLC raised its position in shares of Masco by 2,550.0% in the 4th quarter. Bogart Wealth LLC now owns 424 shares of the construction company’s stock valued at $27,000 after purchasing an additional 408 shares during the last quarter. Finally, Community Bank N.A. acquired a new stake in Masco in the 3rd quarter worth approximately $34,000. 93.91% of the stock is currently owned by hedge funds and other institutional investors.

Masco Trading Down 0.4%

Masco stock opened at $73.30 on Wednesday. The firm has a market cap of $14.79 billion, a PE ratio of 18.19, a P/E/G ratio of 1.81 and a beta of 1.31. Masco Corporation has a 12 month low of $58.16 and a 12 month high of $79.19. The stock’s 50 day simple moving average is $70.03 and its two-hundred day simple moving average is $67.63. The company has a current ratio of 1.75, a quick ratio of 1.11 and a debt-to-equity ratio of 109.07.

Masco (NYSE:MAS) last posted its earnings results 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same period in the previous year, the firm earned $0.87 EPS. The business’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. Analysts anticipate that Masco Corporation will post 4.25 earnings per share for the current year.

Masco announced that its board has approved a share buyback plan on Thursday, May 7th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Masco Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were given a $0.32 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.7%. Masco’s dividend payout ratio is 31.76%.

Analysts Set New Price Targets

Several research firms have recently commented on MAS. Weiss Ratings downgraded shares of Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Truist Financial increased their price objective on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. UBS Group boosted their target price on shares of Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Robert W. Baird upped their price target on shares of Masco from $72.00 to $80.00 and gave the company a “neutral” rating in a report on Thursday, April 23rd. Finally, Wells Fargo & Company increased their price target on Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $80.07.

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.