Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 14,450 Shares of Masco Corporation $MAS

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Masco Corporation (NYSE:MAS) by 51.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,635 shares of the construction company’s stock after purchasing an additional 14,450 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Masco were worth $2,574,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. State Street Corp lifted its position in Masco by 0.6% during the fourth quarter. State Street Corp now owns 10,235,505 shares of the construction company’s stock valued at $649,545,000 after purchasing an additional 60,430 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Masco by 19.2% in the fourth quarter. JPMorgan Chase & Co. now owns 6,063,286 shares of the construction company’s stock worth $384,776,000 after buying an additional 977,684 shares during the period. Boston Partners raised its stake in shares of Masco by 1.0% in the third quarter. Boston Partners now owns 5,850,170 shares of the construction company’s stock worth $411,832,000 after buying an additional 58,609 shares during the period. Wellington Management Group LLP lifted its position in shares of Masco by 76.1% during the 4th quarter. Wellington Management Group LLP now owns 4,826,584 shares of the construction company’s stock valued at $306,295,000 after buying an additional 2,085,454 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of Masco by 6.5% during the 4th quarter. Nordea Investment Management AB now owns 4,371,864 shares of the construction company’s stock valued at $278,619,000 after buying an additional 267,012 shares in the last quarter. 93.91% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on MAS. Truist Financial increased their target price on shares of Masco from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Barclays upped their price objective on shares of Masco from $65.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 22nd. Citigroup reduced their price target on shares of Masco from $84.00 to $79.00 and set a “neutral” rating for the company in a report on Thursday, April 23rd. UBS Group increased their price objective on shares of Masco from $96.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Masco from $70.00 to $82.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Eight equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Masco has an average rating of “Hold” and an average price target of $80.07.

Masco Trading Down 2.2%

NYSE MAS opened at $80.95 on Tuesday. Masco Corporation has a 52 week low of $58.16 and a 52 week high of $83.21. The company has a 50 day moving average price of $72.48 and a 200 day moving average price of $68.73. 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 firm has a market cap of $16.33 billion, a PE ratio of 20.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.29.

Masco (NYSE:MAS) last issued its quarterly earnings data on Wednesday, April 22nd. The construction company reported $1.04 EPS for the quarter, beating 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 firm had revenue of $1.92 billion during the quarter, compared to analyst estimates of $2.07 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’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. As a group, sell-side analysts forecast that Masco Corporation will post 4.25 EPS for the current fiscal year.

Masco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 8th. Shareholders of record on Friday, May 22nd were issued a $0.32 dividend. This represents a $1.28 annualized dividend 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 approved a stock buyback plan on Thursday, May 7th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the construction company to repurchase up to 2.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership 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.