OP Asset Management Ltd Takes Position in Masco Corporation $MAS

OP Asset Management Ltd bought a new position in shares of Masco Corporation (NYSE:MAS) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,430 shares of the construction company’s stock, valued at approximately $1,354,000.

Several other hedge funds have also recently bought and sold shares of MAS. Focus Partners Wealth boosted its holdings in Masco by 2.6% in the 1st quarter. Focus Partners Wealth now owns 10,414 shares of the construction company’s stock valued at $724,000 after purchasing an additional 265 shares during the period. CW Advisors LLC bought a new position in shares of Masco in the second quarter worth $238,000. Bank of Nova Scotia lifted its position in Masco by 14.8% during the second quarter. Bank of Nova Scotia now owns 25,555 shares of the construction company’s stock worth $1,645,000 after purchasing an additional 3,294 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Masco in the 2nd quarter valued at approximately $415,000. Finally, Daiwa Securities Group Inc. lifted its holdings 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 during the period. 93.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MAS. Evercore upgraded shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Monday, April 13th. Truist Financial upped their price objective on Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company raised their price objective on Masco from $70.00 to $82.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Barclays increased their target price on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Masco currently has a consensus rating of “Hold” and a consensus target price of $80.07.

Masco Stock Performance

NYSE:MAS opened at $80.48 on Tuesday. The stock’s 50-day moving average is $71.27 and its 200-day moving average is $68.10. The stock has a market cap of $16.24 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.97 and a beta of 1.31. Masco Corporation has a 1-year low of $58.16 and a 1-year high of $80.80. 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, topping analysts’ consensus estimates of $0.88 by $0.16. The firm had revenue of $1.92 billion for the quarter, compared to analyst estimates of $2.07 billion. Masco had a net margin of 10.90% and a return on equity of 815.20%. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.87 EPS. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Equities research 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 repurchase plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the construction company to buy up to 2.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Masco Dividend Announcement

The business also recently disclosed 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 1.6%. The ex-dividend date was Friday, May 22nd. Masco’s dividend payout ratio is presently 31.76%.

About Masco

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.