Masco Corporation $MAS Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its holdings in shares of Masco Corporation (NYSE:MAS) by 159.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,699 shares of the construction company’s stock after buying an additional 20,708 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Masco were worth $2,034,000 at the end of the most recent quarter.

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

Masco Stock Down 0.4%

Masco stock opened at $73.30 on Wednesday. The stock 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. 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 stock’s fifty day moving average is $70.03 and its two-hundred day moving average is $67.63. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $79.19.

Masco (NYSE:MAS) last released its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.16. Masco had a return on equity of 815.20% and a net margin of 10.90%.The business had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the firm posted $0.87 EPS. The business’s quarterly 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, sell-side analysts expect that Masco Corporation will post 4.25 EPS for the current fiscal year.

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

Masco Announces Dividend

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

Analyst Ratings Changes

MAS has been the topic of several recent research reports. Truist Financial upped their price target on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Weiss Ratings cut Masco from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Bank of America lowered their price objective on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Citigroup cut their target price on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company raised their target price on shares of Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $80.07.

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.