iA Global Asset Management Inc. Has $411,000 Stock Holdings in Masco Corporation $MAS

iA Global Asset Management Inc. reduced its holdings in Masco Corporation (NYSE:MAS) by 72.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 6,801 shares of the construction company’s stock after selling 18,325 shares during the quarter. iA Global Asset Management Inc.’s holdings in Masco were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MAS. Norges Bank bought a new position in shares of Masco during the fourth quarter worth about $194,818,000. Wellington Management Group LLP bought a new stake in Masco in the third quarter valued at approximately $192,948,000. Jacobs Levy Equity Management Inc. increased its position in Masco by 443.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,330,523 shares of the construction company’s stock valued at $164,046,000 after purchasing an additional 1,901,815 shares during the period. Barclays PLC increased its position in Masco by 234.5% during the 4th quarter. Barclays PLC now owns 1,624,841 shares of the construction company’s stock valued at $103,112,000 after purchasing an additional 1,139,098 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Masco by 19.2% during the 4th quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after purchasing an additional 977,684 shares during the last quarter. Institutional investors and hedge funds own 93.91% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MAS shares. Citigroup reduced their price objective 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. Wells Fargo & Company raised their price target on shares of Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, April 23rd. Barclays upped their price objective on shares of Masco from $65.00 to $78.00 and gave the company an “equal weight” rating in a report on Wednesday, April 22nd. Bank of America reduced their target price on Masco from $69.00 to $61.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Evercore raised shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 price objective on the stock in a research note on Monday, April 13th. Eight analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.07.

Masco Stock Up 0.0%

Shares of NYSE:MAS opened at $82.80 on Friday. Masco Corporation has a one year low of $58.16 and a one year high of $83.21. 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 company has a market cap of $16.70 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.04 and a beta of 1.29. The firm has a fifty day moving average price of $72.37 and a two-hundred day moving average price of $68.58.

Masco (NYSE:MAS) last posted its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 earnings per share for the quarter, topping 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 company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same period in the prior year, the business earned $0.87 earnings per share. Masco’s revenue for the quarter was up 6.5% compared to the same quarter last year. Masco has set its FY 2026 guidance at 4.100-4.300 EPS. Analysts anticipate that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 8th. Stockholders of record on Friday, May 22nd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Friday, May 22nd. Masco’s payout ratio is 31.76%.

Masco announced that its board has authorized a stock buyback plan on Thursday, May 7th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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.