Hsbc Holdings PLC Buys 62,939 Shares of Masco Corporation $MAS

Hsbc Holdings PLC increased its position in Masco Corporation (NYSE:MAS) by 14.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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’s holdings in Masco were worth $32,410,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages have commented on MAS. UBS Group increased their target price on Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Royal Bank Of Canada lifted their price objective on Masco from $67.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, April 23rd. Evercore upgraded shares of Masco from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Monday, April 13th. Robert W. Baird lifted their price target on shares of Masco from $72.00 to $80.00 and gave the stock a “neutral” rating in a research note on Thursday, April 23rd. Finally, Citigroup lowered their price objective on shares of Masco from $84.00 to $79.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $80.07.

Masco Price Performance

Shares of NYSE:MAS opened at $81.07 on Tuesday. The company has a quick ratio of 1.11, a current ratio of 1.75 and a debt-to-equity ratio of 109.07. The stock has a market capitalization of $16.36 billion, a PE ratio of 20.12, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29. The firm’s 50 day moving average price is $72.48 and its 200-day moving average price is $68.73. Masco Corporation has a twelve month low of $58.16 and a twelve month high of $83.21.

Masco (NYSE:MAS) last announced its earnings results on Wednesday, April 22nd. The construction company reported $1.04 earnings per share (EPS) 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 company 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 business posted $0.87 earnings per share. The firm’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. Equities research analysts expect that Masco Corporation will post 4.25 EPS for the current year.

Masco Dividend Announcement

The business also recently announced 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 of this dividend was Friday, May 22nd. Masco’s dividend payout ratio (DPR) is currently 31.76%.

Masco declared that its Board of Directors has initiated a share buyback plan on Thursday, May 7th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the construction company to purchase up to 2.1% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management 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.